(Answered) Question - at onyx incorporated direct materials are added

Accounting

Question - At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include:

WIP beginning (70% for conversion) 15,200 units

Units started 150,000 units

Units completed and transferred out 120,000 units

WIP ending (50% for conversion) 45,200 units

Beginning WIP direct materials $52,500

Beginning WIP conversion costs $25,200

Costs of materials added $443,100

Costs of conversion added $260,000

What is the total cost of units remaining in ending WIP?

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