Chen Corporation, a new company, adds material at the beginning of its production process: conversion cost, in contrast, is incurred evenly throughout manufacturing. During May, the firm completed 15,000 units and had ending work in process of 2.000 units, 60% complete. Equivalent-unit costs were: materials, $15: conversion, $22 59. The cost of the company's ending work-in-process inventory is: A. S26,640. B. $44,400. C. $56,400. D. $74,000. E some other amount.

Chen Corporation, a new company, adds material at the beginning of its production process: conversion cost, in contrast, is incurred evenly throughout manufacturing. During May, the firm completed 15,000 units and had ending work in process of 2.000 units, 60% complete. Equivalent-unit costs were: materials, $15: conversion, $22 59. The cost of the company's ending work-in-process inventory is: A. S26,640. B. $44,400. C. $56,400. D. $74,000. E some other amount.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...

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