Homework Answers
Solution:
The formula for calculating the cost of units transferred to finished goods is
= Direct Materials + Direct labor + Applied overhead + Beginning WIP – Ending WIP
As per the information given in the question we have
Direct Materials = $ 48,400 ; Direct labor = $ 30,900 ; Applied overhead = $ 17,100 ;
Beginning WIP = $ 5,800 ; Ending WIP = $ 11,500
Applying the above information in the formula we have
= $ 48,400 + $ 30,900 + $ 17,100 + $ 5,800 - $ 11,500
= $ 90,700
Thus the cost of units transferred to finished goods is = $ 90,700
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