Multiple Choice
The ending WIP Inventory in the Assembly Department contains 800 units that are 100% complete with respect to direct materials and 80% complete with respect to direct labor and overhead.The cost per equivalent unit for inventory is $3.00,which consists of $2.00 for materials,$0.80 for labor,and $0.20 for overhead.What dollar value is assigned to the ending WIP Inventory?
A) $1,600
B) $512
C) $128
D) $2,240
E) None of the answer choices is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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