Multiple Choice Question 87 Mater als costs of $1080000 and nversion costs of $1

Question

Multiple Choice Question 87 Mater als costs of $1080000 and nversion costs of $1306000 were charged to a processing desement n the month of September Allmatral, re added at the beginng of the precess, while conversion cests are Incurred unifomly throughout the process There were no units in beginning work in process, 180000 units were started into production in September and there were 8000 Chapter 17 Quix What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September? O$2322000 12430000 O$1032000

Explanation / Answer

cost of unit completed and transfered out = 172000[6+7.5]

               = 2322000

correct option is "A"

Material cost conversion cost Units completed and transfered out [180000-8000] 172000 172000 ending WIP 8000 2400           [8000*.30] Equivalent unit 180000 174400 Total cost 1080000 1308000 cost per equivalent unit 1080000/180000=$ 6 1308000/174400=$ 7.5

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