Question

Department G had 2,400 units 25% completed at the beginning of the period, 12,800 units were completed during the period; 2,000 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	$35,000
Costs added during period:
Direct materials (12,400 units at $9)	111,600
Direct labor	81,000
Factory overhead	27,000

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 units started and completed during the period (round unit cost calculations to four decimal places and round your final answer to the nearest dollar)?

a.$164,914

b.$182,743

c.$93,600

d.$200,571

Answer 1

Correct answer--------(b) $182,743

Working

STEP 1 (FIFO)
Reconciliation of Units
	Units	% already completed		% completed this period
		Material	Conversion cost	Material	Conversion cost
Beginning WIP	2,400	100%	25%	0%	75%
Units introduced	12,400
Total units to be accounted for	14,800
Completed and Transferred unit	12,800	0%	0%	100%	100%
Ending WIP	2,000	0%	0%	100%	20%

.

STEP 2 (FIFO)
Equivalent Units
	Total Units	Material		Conversion cost
Units Transferred:		% completed this period	Equivalent Units	% completed this period	Equivalent Units
From WIP	2,400	0%	-	75%	1,800
From units started/Introduced	10,400	100%	10,400	100%	10,400
Total	12,800		10,400		12,200
	Total Units	Material		Conversion cost
Ending WIP		% completed this period	Equivalent Units	% completed this period	Equivalent Units
Total	2,000	100%	2,000	20%	400
Total EUP	14,800		12,400		12,600

.

STEP 3
Cost per Equivalent Units AND Cost to be accounted for
	Material		Conversion cost		TOTAL
Cost incurred in Current Period	$ 111,600		$ 108,000		$ 219,600
Total Equivalent Units	12,400		12,600
Cost per Equivalent Units	$ 9.00		$ 8.57		$ 17.57
Cost of Beginning WIP					$ 35,000
Total cost to be accounted for					$ 254,600

.

From units started & completed
Material	10,400	$ 9.00	$ 93,600
Conversion cost	10,400	$ 8.57	$ 89,143	$ 182,743

Answer 2

wrong answer, its 19,308