Bonita Company's Assembly Department has materials cost at $4 per unit and conversion cost at $8 per unit. There are 30900 units in ending work in process, all of which are 70% complete as to conversion costs. All materials are added at the beginning of the process. How much are total costs to be assigned to ending inventory

$296,640

Explanation:

Total Cost assigned to inventory

Calculation

The Materials cost $4 per unit   * 30,900 units = $123,600

Conversion cost = $8 * per unit * 30,900 units =$247,200

Completion Rate

$247,200* 70 /100=$173,040

Total Costs

= $123,600 + $173,040 =$296,640

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