Department G had 1,800 units 25% completed at the beginning of the period, 13,90

Question

Department G had 1,800 units 25% completed at the beginning of the period, 13,900 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 $34,700

Costs added during period: Direct materials (13,600 units at $9) 122,400

Direct labor 88,200

Factory overhead 29,400

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 four decimal places and round your final answer to the nearest dollar)?

Explanation / Answer

Direct materials Conversion costs Work in process, beginning 0 1350 Units started and completed 12100 12100 Work in process, ending 1500 300 Equivalent units 13600 13750 Direct materials Conversion costs Current costs 122400 117600 Equivalent units 13600 13750 Cost per Equivalent unit 9 8.5527 Total cost of the units started and completed = 12100*(9+8.5527)= $212388

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