(Solution) - Baiman and Company informs you that it completed 110 000 units -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Baiman and Company informs you that it completed 110,000 units during November, valued at $550,000. Its cost per equivalent unit of conversion is $2.00. Finally, you learn that Baiman has 20,000 units in ending WIP, 50% complete with respect to conversion. Baiman adds all materials at the start of the process.

Required:
Determine the value of Baiman?s ending WIP inventory.