The cutting process of Nash Designs started the year with $6,585 in beginning inventory. By year-end, Nash determined equivalent…

The cutting process of Nash Designs started the year with $6,585 in beginning inventory. By year-end, Nash determined equivalent…

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The cutting process of Nash Designs started the year with $6,585 in beginning inventory. By year-end, Nash determined equivalent
units of work done under the weighted-average method as follows.
Units completed this period
Units in ending WIP Inventory
DM
705
110
Conversion Costs
Total cost of units completed this period $
Cost of units in ending WIP inventory
Nash’s cost per equivalent unit is $70 for DM and $35 for conversion costs. How much cost should Nash assign to the units completed
this period? How much cost should be assigned to ending WIP Inventory for the cutting process?
$
705
LA
55

Expert Answer:

Answer rating: 100% (QA)

To determine the cost assigned to the units completed and the cost assigned to the ending work in pr
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