# Determine what is the cost of ending work in process | Homework Help

At the start of July classic car wax company had beginning Work in Process of 2,500 units that were 90% completed with respect to matherial and 45% completed with respect to conversion costs. The cost of the units was \$7,000(\$5,000 material and 2,000 of conversion costs.) During the month the company started production of 40,000 units and incurred \$224,500 of material cost and \$91,750 of labor and overheade. Costs per equivalent unit were \$6.00 for material and \$2.50 for labor and overhead (conversion cost.) The cost of items completed was \$314,500 (\$222,000 for materials and \$92,500 for labor and overhead. Units in ending work in process are 25% complete with respect to material and 10% complete with respect to conversion costs.

a. Prepare a reconciliation of units

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b. What is the cost of ending Work in Process?

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