ReferencesMy QuestioBusiness anndenccinstructure.com/courses/3788/assignments/35967?module iten id-81Bramble Company's Assembly Department has materials cost at $5 per unit andconversion cost at $8 per unit. There are 29800 units in ending work in process, allof which are 60% complete as to conversion costs. Materials are added at thebeginning of the process. How much are total costs to be assigned to inventory?$387400.O $292040.$149000.$143040.e Textbook and Media

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Asked Oct 4, 2019
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References
My Questio
Business an
ndenccinstructure.com/courses/3788/assignments/35967?module iten id-8
1
Bramble Company's Assembly Department has materials cost at $5 per unit and
conversion cost at $8 per unit. There are 29800 units in ending work in process, all
of which are 60% complete as to conversion costs. Materials are added at the
beginning of the process. How much are total costs to be assigned to inventory?
$387400.
O $292040.
$149000.
$143040.
e Textbook and Media
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References My Questio Business an ndenccinstructure.com/courses/3788/assignments/35967?module iten id-8 1 Bramble Company's Assembly Department has materials cost at $5 per unit and conversion cost at $8 per unit. There are 29800 units in ending work in process, all of which are 60% complete as to conversion costs. Materials are added at the beginning of the process. How much are total costs to be assigned to inventory? $387400. O $292040. $149000. $143040. e Textbook and Media

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Expert Answer

Step 1

Compute the amount of material cost by using the equation given above:

In the above equation, the amount of total material cost has been calculated by multiplying the total number of units with the material cost per unit as given in the case.

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Total material cost = Total units x Material cost per unit = 29,800 x $5 Per unit = $149,000

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Step 2

Compute the amount of conversion cost the equation given above:

In the above equation, the amount of conversion cost has been calculated by taking total unit...

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Total Conversion Cost (Total units x Percentage of completion) xConversion Cost per unit =(29,800x 60%) x $8 Per unit 17,880 x $8 =$143,040

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