Department S had no work in process at the beginning of the period. 14,954 units

Question

Department S had no work in process at the beginning of the period. 14,954 units of direct materials were added during the period at a cost of $104,678, 11,216 units were completed during the period, and 3,738 units were 38% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $51,724 and factory overhead was $9,342. What were the total cost of units completed during the period? Select the correct answer. $104,678 $132,714 $165,744 $33,030

Explanation / Answer

material cost = 7 per unit

51724 = 11216x + 3,738*0.38x = 12636.4x. So x = $51724/12636.4 = 4.09 labor cost per unit

9432 = 11216x + 3,738*0.38x = 12636.4x. So x = $9432/12636.4 = .746 factory overhead per unit

total cost per unit = 7+4.09 +.746 = 11.836

cost of unit completed = 11.836*11216 =132757.23

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