Total units completed | 11800 |
(-) Units in beginning work in process | 3000 |
Units started and completed during the month | 8800 |
Direct Materials Cost | Conversion Costs | |
Units started and completed during the month | 8800 | 8800 |
(+) Beginning work in process equivalent units [ Beginning work in process units * ( 1 - % Completion ) ] | 0 | 2100 |
(+) Ending work in process equivalent units [ Ending work in process units * % Completion ] | 2000 | 1000 |
Equivalent units of production | 10800 | 11900 |
Cost added during the period | 70100 | 240600 |
(/) Equivalent units of production | 10800 | 11900 |
Cost per equivalent units | 6.49 | 20.22 |
Direct Materials Cost | Conversion Costs | Total | |
Ending work in process equivalent units | 2000 | 1000 | |
(*) Cost per equivalent unit | 6.49 | 20.22 | |
Cost assigned to ending inventory | 12980 | 20220 | 33200 |
Answer : 33200 [Option C] |
Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,800 models. During...
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