Mathematics · Process Costing
A company recorded the following process costing data for November: Output completed was 700 units. There was no opening inventory. Closing work-in-progress was 200 units (100% complete for materials, 50% complete for conversion). Total costs incurred were $14,400 for materials and $4,800 for conversion. What is the value of the closing work-in-progress on 30 November?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$20,520
- 2$4,104
- 3$3,720✓
- 4$2,440
Correct answer
$3,720
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