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Management Chapter 3 Calculation of cost of ending WIP inventory
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Management Chapter 3 Calculation of cost of ending WIP inventory
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March 15, 2023
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Exercise 3-21
Name:
Enter the appropriate nu
mbers/f
ormulas in the shaded (gray
) cells.
An asterisk (*) will appear in the
column to the right of an incorrect answer.
A.
Beginning
units
3,000
Units completed
18,000
Beginning
W
IP equivalent units
2,700
Instructor
Calculation of units completed
Calculation of units started and completed
Calculation of equivalent un
its
B.
Current-period production costs
70,240
$
Ending W
IP equival
ent units
4,250
Calculation of cost per equivalent unit
Calculation of cost of ending W
IP inventory