Robbins Company uses the weighted average method in its process costing system.
ID: 2459935 • Letter: R
Question
Robbins Company uses the weighted average method in its process costing system. For the current month, the company has 1,000 units in its ending inventory (100% complete as to materials and 20% complete as to conversion). The materials cost per equivalent unit is $4.00 and the conversion cost per equivalent unit is $10.00.
The total costs of ending work-in-process inventory is
Robbins Company uses the weighted average method in its process costing system. For the current month, the company has 1,000 units in its ending inventory (100% complete as to materials and 20% complete as to conversion). The materials cost per equivalent unit is $4.00 and the conversion cost per equivalent unit is $10.00.
The total costs of ending work-in-process inventory is
Explanation / Answer
The total costs of ending work-in-process inventory is=s 1,000 units (4.00*100%+10.00*20%)=$6,000.