At Opal Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) 23 comma 200 units Units started 156 comma 000 units Units completed and transferred out 110 comma 000 units WIP ending (50% for conversion) 69 comma 200 units Beginning WIP direct materials $ 45 comma 500 Beginning WIP conversion costs $ 26 comma 200 Costs of materials added $ 438 comma 100 Costs of conversion added $ 266 comma 000 What is the total cost of units remaining in ending WIP? (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.)
Get Answers For Free
Most questions answered within 1 hours.