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 1 year ago

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