Mannassass Company Manufactures Chairs Materials in the Ending Inventory Were 100 Percent Complete and the Company

Mannassass Company manufactures chairs. The following information was given for the company: $$\begin{array} { l r } \text { units, beginning work in process } & 0 \\\text { units started } & 20,000 \\\text { units completed } & ? \\\text { units, ending work in process } & 5,000 \\\text { cost of direct materials } & \$ 440,000 \\\text { cost of conversion } & \$ 64,000\end{array}$$ Materials in the ending inventory were 100 percent complete and conversion in the ending inventory was 20 percent complete. What cost is assigned to ending work in process?

A) $110,000
B) $126,000
C) $130,000
D) $114,000
E) none of the above

Correct Answer:

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