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Department G had 2,040 units 25% completed at the beginning of the period, 12,800 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 12,800 units were completed during the period, 1,700 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $30,000 Costs added during period: Direct materials (12,460 units at $9) 112,140 Direct labor 76,800 Factory overhead 25,600 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. What is the total cost of the departmental work in process inventory at the end of the period (round unit cost calculations to four decimal places and round your final answer to the nearest dollar)? a. $17,367 b. $23,473 c. $18,056 d. $15,300

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Expert Solution

EQUIVALENT UNITS: Direct Materials Conversion Costs
Completion of beginning WIP 0 1530
Units started and completed 10760 10760
Ending WIP 1700 340
Equivalent units of production under FIFO 12460 12630
Total costs added during the period $            1,12,140 $          1,02,400
Cost per equivalent unit $                9.0000 $              8.1077
COST OF ENDING WIP $          15,300.00 $          2,756.62 $         18,057
Answer: Option [c] $18,056.
[Marignal difference of 1$ in calculation is due to approximation]

ekkarill92 answered 1 month ago
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