![8.750 Total equivalent production Unit cost for month: Materials (88,600 + $61,40078,750] Labor ($4,200 + $26,425)/8,750) Fac](http://img.homeworklib.com/questions/780cc3a0-710f-11ea-bb5b-6da39a4c69a4.png?x-oss-process=image/resize,w_560)
Homework Answers
Asia Inc
Summary of Cost of Production - Assembly Department
Cost of Work in progress in beginning
Material Cost $ 585
Labour Cost 1600
Factory Overheads 1000
Total 3185
Current Cost of production
Material Cost 5595
Labour Cost 12820
Factory Overhead 8064
Total 26479
Total Cost to be Accounted $29664
Unit Output for the month
Finished and Transferred to 8000
Equivalent units at end of month
(600*40%) 240
department
Total Equivalent number of Units
at the end 8240
Unit cost for the Month
Material (585+5595)/8240 0.75
Labour (1600+12820)/8240 1.75
Factory OH (1000+8064)/8240 1.1
Total Cost / Unit 3.6
Inventory Cost (3.6*8240)
$ 29664
Cost of Work in Progress
Material (600*60%*0.75) 270
Labour (600*60%*1.75) 630
Factory Overheads (600*60%*1.1) 396
Total $ 1296
Total Production cost Accounted for $ (29664+1296)= $ 30960
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