On March 31,Morgan Company recorded the following information in the Assembly Department's Work in Process account:
$\begin{array}{lll}
& \underline{\text { Units }} & \underline{\text { Cost }} \
\text { Beginning balance } 70 \% \text { complete } & 14,000 & \$ 60,000 \
\text { Started into production } & 80,000 & \$ 229,852 \
\text { Completed and transferred to Packaging } & 90,000 & \
\text { Ending balance } 80 \% \text { complete } & 4,000 &
\end{array}$
Assume that the unfinished units in ending inventory are 80% complete for both materials and conversion. What is the total cost assigned to ending work in process?

Question

On March 31,Morgan Company recorded the following information in the Assembly Department's Work in Process account:
 $\begin{array}{lll} 
& \underline{\text { Units }} & \underline{\text { Cost }} \
\text { Beginning balance } 70 \% \text { complete } & 14,000 & \$ 60,000 \
\text { Started into production } & 80,000 & \$ 229,852 \
\text { Completed and transferred to Packaging } & 90,000 & \
\text { Ending balance } 80 \% \text { complete } & 4,000 &
\end{array}$ 
Assume that the unfinished units in ending inventory are 80% complete for both materials and conversion. What is the total cost assigned to ending work in process?

Quizplus · Accepted Answer

The Answer of On March 31,Morgan Company recorded the following information in the Assembly Department's Work in Process account:
 $\begin{array}{lll} 
& \underline{\text { Units }} & \underline{\text { Cost }} \
\text { Beginning balance } 70 \% \text { complete } & 14,000 & \$ 60,000 \
\text { Started into production } & 80,000 & \$ 229,852 \
\text { Completed and transferred to Packaging } & 90,000 & \
\text { Ending balance } 80 \% \text { complete } & 4,000 &
\end{array}$ 
Assume that the unfinished units in ending inventory are 80% complete for both materials and conversion. What is the total cost assigned to ending work in process?

On March 31,Morgan Company Recorded the Following Information in the Assembly