Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were...

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period, 3,000 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	$40,000
Costs added during period:
Direct materials (10,400 units at $8)	83,200
Direct labor	63,000
Factory overhead	25,000

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)?

a.$211,200

b.$190,275

c.$20,934

d.$120,060

Solutions

Expert Solution

Solution:

Department G
Computation of Equivalent unit (FIFO)
Particulars	Physical units	Material	Conversion
Units to be accounted for:
Beginning WIP Inventory	3600
Units started this period	10400
Total unit to be accounted for	14000
Units Accounted for:
Units completed and transferred out
From beginning inventory Material - 0% Conversion - 75%	3600	0	2700
Started and completed currently	7400	7400	7400
Units in ending WIP Material - 100% Conversion - 20%	3000	3000	600
Total units accounted for	14000	10400	10700

Department G
Computation of Cost per Equivalent unit
Particulars	Total cost	Material	Conversion
Current period cost	$171,200.00	$83,200.00	$88,000.00
Equivalent units		10400	10700
Cost per equivalent unit		$8.00	$8.22

Cost of units started and completed = 7400 * $8 + 7400*$8.2243 = $120,060

Hence option d is correct.

ekkarill92 answered 6 months ago

Next > < Previous

Related Solutions

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were...

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of the period $40,000 Costs added during the period: Direct materials (10,400 units at $8) 83,200 Direct labor 63,000 Factory overhead 25,000 All direct materials are placed in process...

Calculator Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units...

Calculator Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $40,000 Costs added during period: Direct materials (10,400 units at $8) 83,200 Direct labor 63,000 Factory overhead 25,000 All direct materials are placed in process at...

Department G had 1,800 units 25% completed at the beginning of the period, 13,200 units were...

Department G had 1,800 units 25% completed at the beginning of the period, 13,200 units were completed during the period, 1,500 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $31,500--- Costs added during period: Direct materials (12,900 units at $9) 116,100 --- Direct labor 75,600 --- Factory overhead 25,200. All direct materials are placed in process...

Department G had 2,280 units 25% completed at the beginning of the period, 13,900 units were...

Department G had 2,280 units 25% completed at the beginning of the period, 13,900 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 $30,900 Costs added during period: Direct materials (13,520 units at $9) 121,680 Direct labor 137,100 Factory overhead 54,840 All direct materials are placed in process at...

Department G had 1,920 units 25% completed at the beginning of the period, 12,800 units were...

Department G had 1,920 units 25% completed at the beginning of the period, 12,800 units were completed during the period, 1,600 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $29,700 Costs added during period: Direct materials (12,480 units at $8) 99,840 Direct labor 81,000 Factory overhead 27,000 All direct materials are placed in process at the...

Department G had 2,040 units 25% completed at the beginning of the period, 13,800 units were...

Department G had 2,040 units 25% completed at the beginning of the period, 13,800 units were completed during the period, 1,700 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period$32,900 Costs added during period: Direct materials (13,460 units at $8)107,680 Direct labor78,600 Factory overhead26,200 All direct materials are placed in process at the beginning of production and...

Department G had 2,160 units 25% completed at the beginning of the period, 12,300 units were...

Department G had 2,160 units 25% completed at the beginning of the period, 12,300 units were completed during the period, 1,800 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 $26,400 Costs added during period: Direct materials (11,940 units at $9) 107,460 Direct labor 73,200 Factory overhead 24,400 All direct materials are placed in process at...

Department G had 2,280 units 25% completed at the beginning of the period, 13,400 units were...

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...

Department G had 2,040 units 25% completed at the beginning of the period, 12,700 units were...

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...

Department G had 1,920 units 25% completed at the beginning of the period, 12,400 units were...

Department G had 1,920 units 25% completed at the beginning of the period, 12,400 units were completed during the period, 1,600 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 $32,900 Costs added during period: Direct materials (12,080 units at $9) 108,720 Direct labor 85,680 Factory overhead 48,960 All direct materials are placed in process at...

Subjects