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On March 31, Morgan Company recorded the following information in the Assembly Department's Work in ...

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On March 31, Morgan Company recorded the following information in the Assembly Department's Work in ...

On March 31, Morgan Company recorded the following information in the Assembly Department's Work in Process account:

Units

Cost

Beginning balance (70% complete)	14,000	$ 60,000
Started into production	80,000	229,852
Completed and transferred to Packaging	90,000
Ending balance (80% complete)	4,000

Assume that the unfinished units in ending inventory are 80% complete for both materials and conversion. What is the total cost assigned to ending Work in Process?

▸ $14,480

▸ $12,880

▸ $9,952

▸ $9,856

Textbook

Managerial Accounting

Edition: 4^th

Author: Davis

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