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Rathburn, Inc. is a service firm that uses process costing. The firm worked on a total...

Rathburn, Inc. is a service firm that uses process costing. The firm worked on a total of 1,200 cases this month, 900 of which were completed during the period. The remaining cases were 45% complete. The firm incurred $274,650 in direct labor and manufacturing overhead costs during the period, and had $4,800 in direct labor and manufacturing costs in beginning inventory. Using the weighted average method, what was the total cost of cases completed during the period?

a) 36,450

b) 371,700

c) 37,170

d) 243,000

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Answer #1

Statement of equivalent production Cost per equivalent unit Direct labour manufacturing Labour and manufacturing costs Units | % Units Cost added during the period beginnin 279,450.00 279,450.00 1,035 270.00 Completed units Closing WIP Eguivalent units 100%) 45%) 900 | 100% 135 | 45% 900 Total costs 135 Equivalent units of production 900 300 1,035 1,035 Cost uivalent unit Cost of units completed and transferred out $ 243,000

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