Question

Department G had 2,280 units 25% completed at the beginning of the period, 13,400 units were completed during the period, 1,900 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	$32,200
Costs added during period:
Direct materials (13,020 units at $9)	117,180
Direct labor	82,200
Factory overhead	27,400

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)?

Answer 1

UNITS TO ACCOUNT FOR:
Beginning Work in Process units			2,280
Add: Units Started in Process			13,020
Total Units to account for:			15,300
UNITS TO BE ACCOUNTED FOR:
Units completed from beginning WIP		2,280
Units started and completed			11,120
Ending Work in Process			1,900
Total Units to be accounted for:		15,300
Equivalent Units:
			UNITS	Material Cost	Conversion
				% Completion	Units	% Completion	Units
Units completed from Beg. Wip	2280	0%	0	75%	1,710
Units started and completed	11120	100%	11,120	100%	11,120
Ending Work in Process	1900	100%	1,900	20%	380
Total Equivalent units	15300		13,020		13,210
TOTAL COST TO ACCOUNT FOR:
				Material		Conversion
Beginning work in Process		0		0
Cost Added during May		1,17,180		1,09,600
Total Cost to account for:		1,17,180		1,09,600
Equivalent Units			13,020		13,210
Cost per Equivalent unit		9		8.3
TOTAL COST ACCOUNTED FOR:
Units started and completed and Transferred out (11,120 units)
				Equivalent unit	Cost per EU	Total Cost
Material				11,120	9	100080
Conversion Cost			11,120	8.3	92296
Total Cost of Units completed and transferred out:		192376
Cost of units started and completed = $192,376