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

Solutions

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 2 hours ago

Next > < Previous

Related Solutions

Department G had 2,040 units 25% completed at the beginning of the period, 13,800 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 13,800 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$32,900 Costs added during period: Direct materials (13,460 units at $8)107,680 Direct labor78,600 Factory overhead26,200 All direct materials are placed in process at the beginning of production and...

Department G had 2,040 units 25% completed at the beginning of the period, 12,700 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 12,700 units were completed during the period, 1,700 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $30,900 Costs added during period: Direct materials (12,360 units at $9) 111,240 Direct labor 100,240 Factory overhead 37,590 All direct materials are placed in process at...

Department G had 2,040 units 25% completed at the beginning of the period, 12,100 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 12,100 units were completed during the period, 1,700 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $29,300 Costs added during period: Direct materials (11,760 units at $9) 105,840 Direct labor 72,000 Factory overhead 24,000 All direct materials are placed in process at...

Department G had 2,040 units 25% completed at the beginning of the period, 12,500 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 12,500 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 $30,300 Costs added during period: Direct materials (12,160 units at $8) 97,280 Direct labor 78,600 Factory overhead 26,200 All direct materials are placed in process at the...

Department G had 2,040 units 25% completed at the beginning of the period, 12,300 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 12,300 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 $33,300 Costs added during period: Direct materials (11,960 units at $8) 95,680 Direct labor 85,800 Factory overhead 28,600 All direct materials are placed in process at the...

Department G had 2,040 units 25% completed at the beginning of the period, 12,500 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 12,500 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 $34,900 Costs added during period: Direct materials (12,160 units at $9) 109,440 Direct labor 72,000 Factory overhead 24,000 All direct materials are placed in process at the...

Department G had 1,920 units 25% completed at the beginning of the period, 12,800 units were...

Department G had 1,920 units 25% completed at the beginning of the period, 12,800 units were completed during the period, 1,600 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 $29,700 Costs added during period: Direct materials (12,480 units at $8) 99,840 Direct labor 81,000 Factory overhead 27,000 All direct materials are placed in process at the...

1) Department G had 1,800 units 25% completed at the beginning of the period, 12,800 units...

1) Department G had 1,800 units 25% completed at the beginning of the period, 12,800 units were completed during the period; 1,500 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 $26,500 Costs added during period: Direct materials (12,500 units at $9) 112,500 Direct labor 88,200 Factory overhead 29,400 All direct materials are placed in process at...

Department G had 1,800 units 25% completed at the beginning of the period, 13,200 units were...

Department G had 1,800 units 25% completed at the beginning of the period, 13,200 units were completed during the period, 1,500 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 $31,500--- Costs added during period: Direct materials (12,900 units at $9) 116,100 --- Direct labor 75,600 --- Factory overhead 25,200. All direct materials are placed in process...

Department G had 2,280 units 25% completed at the beginning of the period, 13,900 units were...

Department G had 2,280 units 25% completed at the beginning of the period, 13,900 units were completed during the period, 1,900 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $30,900 Costs added during period: Direct materials (13,520 units at $9) 121,680 Direct labor 137,100 Factory overhead 54,840 All direct materials are placed in process at...

Subjects