Process Costing
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Sosa Company has the following production data for March: units transferred out 40,000, and ending work in process 5,000 units that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $8 and unit conversion cost is $15, determine the costs to be assigned to the units transferred out and the units in ending work in process.
Costs to be assigned to the units transferred out: $
Costs assigned to units in ending work in process:
Work in Process, 3/31
Costs assigned to units in ending work in process:
Materials $
Conversion costs $
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Solution Summary
The solution explains how to determine the cost of units transferred out and the cost of ending inventory.
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Total cost per unit is 8+15=$23
Total units transferred out are 40,000
Costs to be assigned to the units ...
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