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Department G had 2,040 units 25% completed at the beginning of the period, 12,100 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 12,100 units were completed during the period, 1,700 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 $29,300
Costs added during period:
   Direct materials (11,760 units at $9) 105,840
   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. What is the total cost of the units started and completed during the period (round unit cost calculations to whole dollars and round your final answer to the nearest dollar)?

a.$171,492

b.$155,302

c.$90,540

d.$187,683

Solutions

Expert Solution

a.$171,492
Statement of Equivalent production
Particulars Direct Materials %completion Equivalent mat Conversion %completion Equivalent Conv Total
Opening WIP                2,040.00 0%                             -                  2,040.00 75%                    1,530.00
Units started and completed(12,100 - 2040)              10,060.00 100%              10,060.00              10,060.00 100%                 10,060.00
ending WIP                1,700.00 100%                1,700.00                1,700.00 20%                       340.00
Equivalent Units              11,760.00                 11,930.00
Current Month Costs            105,840.00                 96,000.00      201,840.00
Cost per Equivalent units                         9.00                            8.05
Units started and completed              10,060.00                 10,060.00
Cost of Units started and completed              90,540.00                 80,952.22      171,492.22

ekkarill92 answered 1 year ago
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