Department G had 3,962 units, one-third completed at the beginning of the period

ID: 2461593 • Letter: D

Question

Department G had 3,962 units, one-third completed at the beginning of the period, 12,498 units were completed during the period, 1,939 units were one-fifth 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 $26,286 Costs added during period: Direct materials $118,575 Direct labor $79,050 Factory overhead $26,350 Assuming that all direct materials are placed in process at the beginning of production and that 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? Select the correct answer.

Select the correct answer.

$25,483 $50,358 $174,420 $118,575

Explanation / Answer

$174,420

IN Out Equivalent units Equivalent I. Equivalent U particulars Units ParituIan Units MittsUP COnveSiOn MI Oh %comolet Equl um % tor Equl I. %con Equi I. Opening WIP 3962 Op WI 3 comlated 3962 67% 2655 67% 2655 67% 2655 Units Introduce. 14437 Prod started 8,comleted 12498 100% 12498 100% 12498 100% 12498 Ending 1939 20% 388 20% 388 20% 388 18399 18399 15540. 15540 15540 Statement of Cost Elements
of cost Equi Unit (a) Cost
incurred inCurrent Period OA Cost Pu (c • b/a) Material 15540 $118,575 8. Conversion 15540 $079,050. 5. overhead 15540 $026,350. 2. Totah 15540 $223,975 14. Element of Cost Equl Jr Cost Pu Total Cost Comoonen Opening WV : Open Sal $26286.000 Mat 2641 8.00 21130.6667 Lab 2641 5.00 13206.6667 Mfg Ons 2641 2.00 5282.66667 65906.00 Prod Started Mat 12498 8.00 99984.00 lab 12498 5.00 62490.00 overhead 12498 2.00 24996.00 187470.00 Total Output COG $253,376 Clso1ng WIP: Mat 388.00 8.00 3104.00 Lab 388.00 5.00 1940.00 Mfg Ohs 388.00 2.00 776.00 5820.00 Total Cost $259,196

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Department G had 3,962 units, one-third completed at the beginning of the period

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