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The Nameless Co. uses process costing and has the following information: Materials Conversion...

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Accounting

The Nameless Co. uses process costing and has the following information:

Materials Conversion

Units completed 30,000 30,000

Units in ending WIP:

DM: 9,000 x 60% complete 5,400eu --------

CC: 9,000 x 20% complete -------- 1,800eu

Total EU of output 35,400eu 31,800eu

Unit costs were $2.10 per unit for materials and $1.50 per unit for conversion.

Determine: a. Cost of ending inventory (10 pts.): _________________

  1. Cost of goods completed (10 pts.): _____

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