Department G had 2,040 units 25% completed at the beginning of the period, 13,60

Question

Department G had 2,040 units 25% completed at the beginning of the period, 13,600 units were completed during the period, 1,700 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 Costs added during period: $34,300 119,340 88,800 29,600 Direct materials (13,260 units at $9) Direct labor Factory overhead 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 departmental work in process inventory at the end of the period (round unit cost calculations to four decimal places and round your final answer to the nearest dollar)? Oa. $23,786 b. $18,297 Oc. $17,548 Od. $15,300

Explanation / Answer

Physical units Materials Conversion costs Beginning inventory 2040 0 1530 Units started and completed 11560 11560 11560 Ending inventory 1700 1700 340 Equivalent units 15300 13260 13430 Materials Conversion costs Current costs 119340 118400 Equivalent units 13260 13430 Cost per Equivalent unit 9 8.8161 Total cost of work in process at the end=(1700*9)+(340*8.8161)= $18297 Option B is correct

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