Question

Question 3 1 pts Department G had 3.600 units, one-third completed at the beginning of the period, 12.000 units were completed during the period. 2,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: $30,000 Work in process, beginning of period Costs added during period: Direct materials (10,400 at $8) Direct labor Factory overhead 83,200 62.000 24.800 Assuming that all direct materials are placed in process at the beginning of production and that 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? O $156,400 O $132,300 O $154,800 O $156,000

Answer 1

Quantities	Physical units	Materials	Conversion costs
Units to be accounted for
Work in process, Beginning	3600
Started into production	10400
Total units	14000
Units accounted for
Completed & Transferred out
Completed From Beginning	3600	0	3600*2/3 =2400
Started & completed During the period	12000-3600 =8400	8400	8400
Work in process, Ending	2000	2000	2000*1/5 =400
Equivalent units of production	14000	10400	11200

Costs	Materials	Conversion costs	Total
Unit costs
Current period costs	83200	62000+24800 =86800	$170000
Equivalent units	10400	11200
Cost per Equivalent units of production	8	7.75	15.75

Cost reconciliation schedule

Cost accounted for	Materials	Conversion costs	Total
Started & completed During the period	8400*8 =67200	8400*7.75 =65100	$132300

ans: $132300