Department G had 1,920 units 25% completed at the beginning of the period, 12,400 units were...

Department G had 1,920 units 25% completed at the beginning of the period, 12,400 units were completed during the period, 1,600 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	$32,900
Costs added during period:
Direct materials (12,080 units at $9)	108,720
Direct labor	85,680
Factory overhead	48,960

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 1,920 units of beginning inventory that were completed during the period?

a.$45,572

b.$32,900

c.$50,340

d.$48,740

Expert Solution

Option D - $ 48,740

since the direct raw material is added at the beginning of the process and it is included in the opening work in process inventory of $32,900

	A	B	C= A*B
	Percentage of Completion	Units	Equivalent units
Opening inventory	75%	1920	$ 1,440
Inventory started and ended during the year	100%	12400-1920 = 10480	$ 10,480
Ending inventory	20%	1600	$ 320
			$ 12,240

*since 12400 units are completed in the year it has 1920 units from opening inventory.

	Particulars	Amount
A	Direct Labour	$ 85,680
B	factory overhead	$ 48,960
C=A+B	Total expenses	$ 1,34,640
D	Equivalent units	$ 12,240
E = C/D	Cost per unit	$ 11
F	Equivalent units in opening inventory	$ 1,440
G =E*F	Cost incurred opening inventory	$ 15,840
H	Opening work in progress cost	$ 32,900
I = G+H	Total Cost	$ 48,740

ekkarill92 answered 3 years ago

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