Department G had 2,280 units 25% completed at the beginning of the period, 13,700 units were...

Department G had 2,280 units 25% completed at the beginning of the period, 13,700 units were completed during the period, 1,900 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 $26,100 Costs added during period: Direct materials (13,320 units at $8) 106,560 Direct labor 72,000 Factory overhead 24,000 All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 2,280 units of beginning inventory which were completed during the period is (do not round unit cost calculations) $26,100 $40,151 $35,821 $38,251

Expert Solution

Solution:

Department G
Computation of Equivalent unit (FIFO)
Particulars	Physical units	Material	Conversion
Units to be accounted for:
Beginning WIP Inventory	2280
Units started this period	13320
Total unit to be accounted for	15600
Units Accounted for:
Units completed and transferred out
From beginning inventory Material - 0% Conversion - 75%	2280	0	1710
Started and completed currently	11420	11420	11420
Transferred to finished goods	13700	11420	13130
Units in ending WIP Material - 100% Conversion - 20%	1900	1900	380
Total units accounted for	15600	13320	13510

Department G
Computation of Cost per Equivalent unit
Particulars	Total cost	Material	Conversion
Current period cost	$202,560.00	$106,560.00	$96,000.00
Equivalent units		13320	13510
Cost per equivalent unit		$8.00	$7.105848

Total cost of 2,280 units of beginning inventory which were completed during the period is = $26,100 + (1710*$7.105848) = $38,251

Hence last option is correct.

ekkarill92 answered 2 years ago

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