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 was?

Expert Solution

Solution

Cost of Units completed and transferred out

$ 130,480

Working

Statement of Equivalent Units(Weighted average)
		Material	Conversion
	Units		Complete %	Equivalent units	Complete %	Equivalent units
Transferred out	10,800		100%	10,800	100%	10,800
Ending WIP	3,600		100%	3,600	34%	1,224
Total	14,400		Total	14,400	Total	12,024

.

Cost per Equivalent Units (Weighted average)
COST	Material	Conversion	TOTAL
Beginning WIP Inventory Cost (A)	$ 0	$ 0	$ 0
Cost incurred during period (B)	$ 100,800	$ 61,100	$ 161,900
Total Cost to be accounted for (C=A+B)	$ 100,800	$ 61,100	$ 161,900
Total Equivalent Units(D)	14,400	12,024
Cost per Equivalent Units (E=C/D)	$ 7.00	$ 5.08	$ 12.08

.

Statement of cost (Weighted average)
Cost	Equivalent Cost/unit	Transferred
			Units	Cost Allocated

Material	$ 7.00		10,800	$ 75,600.00
Conversion	$ 5.08		10,800	$ 54,880.24

TOTAL	$ 161,900		TOTAL	$ 130,480

ekkarill92 answered 2 years ago

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