Question

Campbell Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,700 units
Complete this question by entering your answers in the tabs below. Req C Req A and B Calculate the total cost allocated betwe
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Answer #1
a) Units completed and transferred out = Beginning units+started during the year - Ending units
1500 Units =300+1700-Ending Units
Ending Units = 500 Units
Equivalet Units = (1500 units *100% ) + (500 unts *60%)
=1800 Units
b) Cost Per Equivalent Unit
= Total Cost / Equivalent Units
=$115200/1800
=$64 per unit
c) Cost Allocation
Finished Product = 1500 Units *64 per unit =$96000
Ending WIP = 500 units *60%*64 per unit = $19200
Total Cost = $96000+19200 = $115200
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