Question

In: Accounting

Department S had no work in process at the beginning of the period. It added 10,200...

Department S had no work in process at the beginning of the period. It added 10,200 units of direct materials during the period at a cost of $71,400; 7,650 units were completed during the period; and 2,550 units were 20% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $58,700 and factory overhead was $8,800.

The total cost of units completed during the period was

a.$108,581

b.$116,831

c.$140,197

d.$53,550

Solutions

Expert Solution

Correct answer--- b.$116,831

Working

Statement of Equivalent Units

Material

Conversion Cost

Units

Complete %

Equivalent units

Complete %

Equivalent units

Transferred

                    7,650

100%

                      7,650

100%

                7,650

Closing WIP

                    2,550

100%

                      2,550

20%

                    510

Total

                  10,200

Total

                    10,200

Total

                8,160

Cost per Equivalent Units

COST

Material

Conversion Cost

TOTAL

Beginning WIP Inventory Cost

$                            -  

Cost incurred during period

$             71,400

$               67,500

$               1,38,900

Total Cost to be accounted for

$             71,400

$               67,500

$               1,38,900

Total Equivalent Units

                10,200

                     8,160

Cost per Equivalent Units

$                 7.00

$                    8.27

Statement of cost

Cost

Equivalent Cost/unit

Ending WIP

Completed

Units

Cost Allocated

Units

Cost Allocated

Material

$                   7.00

                  2,550

$         17,850.00

                        7,650

$          53,550.00

Conversion Cost

$                   8.27

                      510

$           4,218.75

                        7,650

$          63,281.25

TOTAL

$           1,38,900

TOTAL

$               22,069

TOTAL

$             1,16,831


Related Solutions

Department S had no work in process at the beginning of the period. It added 10,400...
Department S had no work in process at the beginning of the period. It added 10,400 units of direct materials during the period at a cost of $72,800; 7,800 units were completed during the period; and 2,600 units were 38% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $55,500 and factory overhead was $9,100. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 10,000...
Department S had no work in process at the beginning of the period. It added 10,000 units of direct materials during the period at a cost of $80,000. During the period, 7,500 units were completed, and 2,500 units were 20% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $52,800, and factory overhead was $25,600. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 13,200...
Department S had no work in process at the beginning of the period. It added 13,200 units of direct materials during the period at a cost of $79,200. During the period, 9,900 units were completed, and 3,300 units were 35% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $64,119, and factory overhead was $19,899. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 11,200...
Department S had no work in process at the beginning of the period. It added 11,200 units of direct materials during the period at a cost of $78,400; 8,400 units were completed during the period; and 2,800 units were 36% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $50,900 and factory overhead was $8,000. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 14,400...
Department S had no work in process at the beginning of the period. It added 14,400 units of direct materials during the period at a cost of $100,800; 10,800 units were completed during the period; and 3,600 units were 34% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $52,300 and factory overhead was $8,800. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 11,600...
Department S had no work in process at the beginning of the period. It added 11,600 units of direct materials during the period at a cost of $81,200. During the period, 8,700 units were completed, and 2,900 units were 20% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $50,112, and factory overhead was $27,840. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 11,400...
Department S had no work in process at the beginning of the period. It added 11,400 units of direct materials during the period at a cost of $79,800; 8,550 units were completed during the period; and 2,850 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $52,000 and factory overhead was $8,600. The total cost of units completed during the period...
Department S had 500 units 67% completed in process at the beginning of the period; 7,500...
Department S had 500 units 67% completed in process at the beginning of the period; 7,500 units completed during the period; and 800 units 36% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost.
Department A had 10,000 units in the beginning work in process that is 100% completed with...
Department A had 10,000 units in the beginning work in process that is 100% completed with respect to material and 55% completed with respect to conversion costs. 12,000 units were added during the period and 4,000 units remain in ending work-in-process inventory. The ending inventory were 40% completed. Required: a. What was the number of equivalent units of production for the period with respect to material and conversion costs if process costing, weighted average costing method is used to cost...
Department A had 4,900 units in Work in Process that were 71% completed at the beginning...
Department A had 4,900 units in Work in Process that were 71% completed at the beginning of the period at a cost of $6,900. During the period, 38,200 units of direct materials were added at a cost of $84,040, and 40,700 units were completed. At the end of the period, 2,400 units were 35% completed. All materials are added at the beginning of the process. Direct labor was $27,000 and factory overhead was $4,900. The cost of the 2,400 units...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT