13. Use this information about Department G to answer the question that follow. Department G had...

13. Use this information about Department G to answer the question that follow.

Department G had 1,920 units 25% completed at the beginning of the period, 12,200 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	$29,800
Costs added during period:
Direct materials (11,880 units at $9)	106,920
Direct labor	108,360
Factory overhead	60,200

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.$49,960

b.$29,800

c.$45,928

d.$51,560

Expert Solution

Answer; a.$49,960

Calculations:

Equivalent units
		Direct materials	Conversion
Beginning Work in process inventory	1920
[1920 x 0%]		0
[1920 x (100%-25%)]			1440
Units started and completed	10280	10280	10280
Units completed and transferred out	12200	10280	11720
Ending work in process	1600
[1,600 x 100%]		1600
[1,600 x 20%]			320
Total Equivalent units		11880	12040

Cost per equivalent unit
		Direct materials	Conversion
Costs added		$106,920	$168,560
÷ Equivalent units		11880	12040
= Cost per equivalent unit		$9.00	$14.00

Total cost of Beginning Inventory
Work in process, beginning of period			$29,800
Cost of beginning work in process completed during the period:
Direct materials [ 0 x $9.00]		$0
Conversion costs [1,440 x $14.00]		$20,160	$20,160
Total			$49,960

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