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Process Costing: Direct labor in ending inventory

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Beginning inventory consisted of 2,000 units with direct labor costs of $8,640. During the period, 8,000 units were started and $24,000 in direct labor costs were incurred. Ending inventory consisted of 1,000 units which were 60% complete with respect to direct labor costs. What is the value of direct labor in the units which remain in ending inventory?

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Solution Summary

Calculates the value of direct labor in the units which remain in ending inventory.

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Total direct labor costs in 2000 + 8000 = 10000 units= 32,640 =$8,640+$24,000

Ending inventory = 1000 units
Therefore no ...

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