Assigned to the inventory on hand, Accounting Basics

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Assigned to the inventory on hand

Problem:

Honrad company assembly department Has material cost at $4 per unit and conversion cost of $8 per unit. There are 30,000 units in ending work in process all of which are 33% complete as to conversion costs.

Required:

Question: How much are total costs to be assigned to the inventory on hand?

$192,000
$199,200
$168,800
$240,000

Note: Please show the work not just the answer.

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Accounting Basics: Assigned to the inventory on hand

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Accounting Basics: Assigned to the inventory on hand

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