Homework Answers
Answer :
(1) Cost of completed production = 245000 * ($0.10 + $0.25 + $0.15 + $0.07) = $139,650
(2)
| - | Ending units | % Completion | Equivalent units | Cost per Equivalent unit | Cost of Ending units |
| Peas | 16500 | 100% | 16500 | 0.10 | 1650.00 |
| Labour | 16500 | 50% | 8250 | 0.25 | 2062.50 |
| Overhead | 16500 | 50% | 8250 | 0.15 | 1237.50 |
| Cans | 16500 | 0% | 0 | 0.07 | 0.00 |
| Total cost of ending inventory units | 4950.00 |
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