Question

In: Accounting

Department S had no work in process at the beginning of the period. It added 11,600...

Department S had no work in process at the beginning of the period. It added 11,600 units of direct materials during the period at a cost of $81,200. During the period, 8,700 units were completed, and 2,900 units were 20% 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 $50,112, and factory overhead was $27,840. The total cost of units completed during the period was a. $107,880 b. $160,776 c. $133,980 d. $60,900

Solutions

Expert Solution

HERE ANSWER IS C $133980 AS CALCULATED BELOW

STATEMENT OF EQUIVALENT PRODUCTION
UNITS MATERIAL CONVERSION COST
%COMPLETION EQUIVALENT UNITS %COMPLETION EQUIVALENT UNITS
FINISHED AND TRANSFERRED 8700 100 8700 100 8700
CLOSING WORK IN PROGRESS 2900 100 2900 20 580
TOTAL PRODUCTION 11600 11600 9280
CALCULATION OF COST PER EQUIVALENT UNITS
Material Conversion
cost per equivalent 2.7 5.15
Detailed calculation is done as following
STATEMENT OF COST Material Conversion
COST ADDED IN THE PROCESS $                      81,200 $               77,952 $                     159,152
EQUIVALENT UNITS 11600 9280
COST PER UNIT=TOTA COST/UNITS $                           7.00 $                    8.40 $                          15.40
CALCULATION OF COST of UNITS TRANSFERRED OUT
UNITS RATE PER UNIT
VALUE OF OUTPUT TRANSFERRED 8700 $                 15.40 $            133,980

FEEL FREE TO ASK ANY CLARIFICATION IF ANY REQUIRED KINDLY PROVIDE FEED BACK BY THUMBS UP IF SATISFIED IT WILL BE HIGHLY APPRECIATED

THANK YOU


Related Solutions

Department S had no work in process at the beginning of the period. It added 10,400...
Department S had no work in process at the beginning of the period. It added 10,400 units of direct materials during the period at a cost of $72,800; 7,800 units were completed during the period; and 2,600 units were 38% 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 $55,500 and factory overhead was $9,100. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 10,000...
Department S had no work in process at the beginning of the period. It added 10,000 units of direct materials during the period at a cost of $80,000. During the period, 7,500 units were completed, and 2,500 units were 20% 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 $52,800, and factory overhead was $25,600. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 13,200...
Department S had no work in process at the beginning of the period. It added 13,200 units of direct materials during the period at a cost of $79,200. During the period, 9,900 units were completed, and 3,300 units were 35% 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 $64,119, and factory overhead was $19,899. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 10,200...
Department S had no work in process at the beginning of the period. It added 10,200 units of direct materials during the period at a cost of $71,400; 7,650 units were completed during the period; and 2,550 units were 20% 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 $58,700 and factory overhead was $8,800. The total cost of units completed during the period...
Department S had no work in process at the beginning of the period. It added 11,200...
Department S had no work in process at the beginning of the period. It added 11,200 units of direct materials during the period at a cost of $78,400; 8,400 units were completed during the period; and 2,800 units were 36% 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 $50,900 and factory overhead was $8,000. The total cost of units completed during the period...
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...
Department S had no work in process at the beginning of the period. It added 11,400...
Department S had no work in process at the beginning of the period. It added 11,400 units of direct materials during the period at a cost of $79,800; 8,550 units were completed during the period; and 2,850 units were 40% 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 $52,000 and factory overhead was $8,600. The total cost of units completed during the period...
Department S had 500 units 67% completed in process at the beginning of the period; 7,500...
Department S had 500 units 67% completed in process at the beginning of the period; 7,500 units completed during the period; and 800 units 36% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost.
Department M had 2,700 units 55% completed in process at the beginning of June, 11,600 units...
Department M had 2,700 units 55% completed in process at the beginning of June, 11,600 units completed during June, and 1,300 units 25% completed at the end of June. The number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories is a.13,225 units b.11,925 units c.8,900 units d.10,440 units
Department A had 10,000 units in the beginning work in process that is 100% completed with...
Department A had 10,000 units in the beginning work in process that is 100% completed with respect to material and 55% completed with respect to conversion costs. 12,000 units were added during the period and 4,000 units remain in ending work-in-process inventory. The ending inventory were 40% completed. Required: a. What was the number of equivalent units of production for the period with respect to material and conversion costs if process costing, weighted average costing method is used to cost...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT