Department G had 3,267 units, one-third completed at the beginning of the period

Question

Department G had 3,267 units, one-third completed at the beginning of the period, 12,498 units were completed during the period, 1,587 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 $26,659 Costs added during period: Direct materials $122,301 Direct labor $81,534 Factory overhead $27,178 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 3,267 units of beginning inventory which were completed during the period? Select the correct answer. A)$20,884,B) $46,851, C) $26,659, D) $27,178

Explanation / Answer

the total cost of 3,267 units of beginning inventory which were completed during the period = 26659 + (9.27* 2178)

                                   = 26659 + 20190

                                 = 46850

correct option is "B" -46851     [difference due to decimals in cost per conversion cost]

Material conversion cost Begining WIP - 2178       [3267*2/3] Started and completed   [12498-3267] =9231 9231 9231 Ending WIP 1587 317.4              [1587/5] Equivalent unit 10818 11726.4 cost 122301 81534+27178 = 108712 cost per equivalent unit 11.31 9.27

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