In: Accounting
Department G had 2,280 units 25% completed at the beginning of the period, 12,000 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 $25,100
Costs added during period: Direct materials (11,620 units at $9) 104,580
Direct labor 81,000
Factory overhead 27,000
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 and round your final answer to the nearest dollar)?
$17,100
$19,706
$20,575
$26,748
Complete | ||||
Beginning inventory | 2,280 | 75% | 1,710 | |
Started and completed | 9,720 | 100% | 9,720 | |
completed | 12,000 | |||
Ending inventory | 1,900 | 20% | 380 | |
Equivalent Units | 11,810 | |||
Total Cost Incurred(Labor and Overhead) | ||||
Direct labor | $81,000 | |||
Factory overhead | $27,000 | |||
Total cost | $1,08,000 | |||
Equivalent cost per Unit | $9.1448 | |||
cost of the departmental work in process inventory at the end of the period | ||||
Material | $17,100 | |||
(1,900 x $9) | ||||
Departmental work | $3,475 | |||
(380 x $9.1448) | ||||
Total | $20,575 | |||