In the manufacture of 9,825 units of a product, direct materials cost incurred w
ID: 2445254 • Letter: I
Question
In the manufacture of 9,825 units of a product, direct materials cost incurred was $156,569, direct labor cost incurred was $84,417, and applied factory overhead was $57,273. What is the total conversion cost?
Select the correct answer.
A. $141,690 B. 156,569 C. 57,273 D.$298, 259
_____________________________________________________________
Department G had 3,199 units, one-third completed at the beginning of the period, 13,027 units were completed during the period, 1,912 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:
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 departmental work in process inventory at the end of the period?
Select the correct answer.
A. $12,343
B.$24,671
C. $129,573
D. $28,794
Work in process, beginning of period $32,674 Costs added during period: Direct materials $129,573 Direct labor $86,382 Factory overhead $28,794Explanation / Answer
1. conversion cost= Direct labor+ manufacturing overhead
= 84,417+ 57,273= $141,690
Answer is A. $141,690
2. Total units completed during the period (labor and overhead) = 3199*(2/3)+ (13023- 3199)+ 1912/5
=12,339 units
Total cost incurred (labor and overhead)= 86,382+ 28,794= $115,176
cost per unit= 115176/ 12339= 9.33
Ending work in progress= 1912*11.037 + 382.4*9.33= $24,671
Answer is B. $24,671
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