In: Accounting
Department G had 2,040 units 25% completed at the beginning of the period, 12,700 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 | $30,900 |
Costs added during period: | |
Direct materials (12,360 units at $9) | 111,240 |
Direct labor | 100,240 |
Factory overhead | 37,590 |
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 2,040 units of beginning inventory that were completed during the period?