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Equivalent units

Griffith Company started its production operations on July 1. During July, the silk-screening department completed 15,600 units. There were 2,400 units in ending inventory which were 75% complete with respect to materials and 20% complete with respect to conversion costs. During July, the department accumulated materials costs of $40,890 and conversion costs of $69,948.

a. Calculate the cost of the goods transferred out.
b. What is the value of the ending inventory?

Solution Summary

Solution shows computation of the cost of the goods transferred out and s the value of the ending inventory.

$2.19