Question

In: Accounting

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were...

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 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 the period $40,000

Costs added during the period:

Direct materials (10,400 units at $8) 83,200

Direct labor 63,000

Factory overhead 25,000

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)?

a. $16,163

b. $35,670

c. $21,432

d. $28,935

Solutions

Expert Solution

Answer: Option D $28,935

Working:

Equivalent units(FIFO)

Physical units

Direct materials

Conversion costs

Work in process, beginning of period

3600

0

2700

=3600*(1-25%)

Units started and completed

7400

7400

7400

=11000-3600

Work in process, end of period

3000

3000

600

=3000*20%

Equivalent units of production

14000

10400

10700

Direct materials

Conversion costs

Total

Costs added during period

83200

88000

Divide by Equivalent units of production

10400

10700

Cost per Equivalent unit of production

8.000

8.2243

16.2243

Equivalent units of Ending inventory

3,000

6,00

X Cost per Equivalent unit of production

8.000

8.2243

Total Cost of the Ending inventory

24,000

4,935

$28,935

Option D $28,935 is correct

ekkarill92 answered 2 years ago
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