During December, Western Solvent completed 41,900 units. At the end of December,

Question

During December, Western Solvent completed 41,900 units. At the end of December, there were 11,300 units in ending Work in Process that were 30 percent complete with respect to labor and overhead and 100 percent complete with respect to material. During the month of December, the company incurred $216,400 of material cost, $104,700 of labor cost, and $143,700 of manufacturing overhead. Costs per equivalent unit for material, labor, and manufacturing overhead equal $7, $4, and $5 respectively.

Calculate the amount of material cost, labor cost, and overhead cost in beginning Work in Process inventory.

Explanation / Answer

Labour account

Raw material account

Manufacturing overhead account

Beginning work in process inventory=beginning balance in raw material+beginning balance in labour+beginning balance in manufacturing overhead

= 156000+76460+82750

= 315210

Beginning balance (balancing fiqure) 76460 Direct labour used 104700 transferred to
Work in process
(41900*4) 167600 Ending balance
(11300*30%*4) 13560

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