Hence total cost of ending work in process inventory

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Hence total cost of ending work in process inventory is sum of above two which is $128000+$42000 = $170000 A company completes 21,000 units this month and has ending work in process inventory of 3,000 units which are estimated to be 40% complete. Total production costs are $666,000. The cost of ending Work in Process Inventory is $36,000. A manufacturing department has 50,000 EUP for units completed and transferred out and 4,500 EUP for units in ending inventory. Materials cost is $2.50 per EUP and labor and overhead cost is $3.75 per EUP. The total amount of ending work in process inventory is $28,125.
A process cost summary summarizes the following process costing steps:
Department A completed and transferred out 2,100 units and had ending work in process inventory of 120 units. The ending inventory is 10% complete for materials and 70% complete for labor and overhead. The equivalent units of production for materials is 2112 units. Department 1 completed and transferred out 450 units and had ending work in process inventory of 60 units. The ending inventory is 20% complete for materials and 60% complete for labor and overhead. The equivalent units of production for materials is 462 units.
Managers use the process cost summary for all of the following except:
A department begins the month with 100 units at a cost of $7,500 in work in process. An additional 1,000 units are started during the month and additional costs incurred are $12,500. At the end of the month, there are 200 units still in process which are 50% complete. The ending balance in Work in Process Inventory is $2000. The journal entry to record the purchase of materials on account in process cost accounting is a(n): a) increase in one asset and a decrease in another asset b) increase in assets and an increase in liabilities c) decrease in assets and a decrease in liabilities d) increase in assets and a decrease in liabilities
The parts of the process cost summary include: (Check all that apply.)

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