Question

In: Accounting

Department G had 1,800 units 25% completed at the beginning of the period, 12,700 units were...

Department G had 1,800 units 25% completed at the beginning of the period, 12,700 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 $34,900
Costs added during period:
   Direct materials (12,400 units at $9) 111,600
   Direct labor 85,800
   Factory overhead 28,600

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 units started and completed during the period (round unit cost calculations to four decimal places and round your final answer to the nearest dollar)?

a.$197,459

b.$217,331

c.$177,587

d.$98,100

Solutions

Expert Solution

option a. is correct

Equivalent units
Flow of production Whole units Direct materials Conversion costs
Degree of completion of WIP beginning 100% 25%
a WIP beginning units          1,800              1,800                   450
started during current period        12,400
Units to account for        14,200
completed and transferred out during current period:
From beginning WIP          1,800                    -                  1,350
started and completed        10,900           10,900              10,900
A Total        12,700           10,900              12,250
WIP ending percentage completion 100% 20%
B WIP ending units          1,500              1,500                   300
C=A+B Units accounted for        14,200
d= a+A+B Equivalent units of work done to date           14,200              13,000
e= A+B Equivalent units of work done during the period           12,400              12,550
Ref Particulars Direct materials Conversion Total costs
Work in process, beginning              16,200              18,700         34,900
Total costs incurred in January          1,11,600          1,14,400      2,26,000
Total costs to account for          1,27,800          1,33,100      2,60,900
Costs added in current period          1,11,600          1,14,400
Divide by equivalent units of work done in current period              12,400              12,550
Cost per equivalent unit of work done in current period                  9.00                  9.12
Costs allocated to completed and partially completed units:
for units completed and transferred out
Inventory in process, Nov 1 balance              16,200              18,700         34,900
Costs incurred in Nov to complete wip, beginning                      -                12,306         12,306
Costs of completed beginning wip              16,200              31,006         47,206
costs of units started and completed              98,100              99,359      1,97,459
Total costs of units completed and transferred out to finished goods          1,14,300          1,30,365      2,44,665
WIP ending              13,500                1,749         15,249
[21,600*4.5] [9,600*5.83]
Total costs accounted for by          1,27,800          1,32,114      2,59,914

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