Question
(1 point) Beginning inventory consisted of 1,200 units. All materials and 40 percent of labor and overhead were added in the prior period at a
(1 point) Beginning inventory consisted of 1,200 units. All materials and 40 percent of
labor and overhead were added in the prior period at a cost of $17,690. In addition,
another 7,500 units were started and completed during the current period. The cost per
equivalent unit is $5.50 for materials; $12.70 for labor, and $6.80 for overhead. What is
the total cost of goods transferred out
in the current period
using FIFO?
a.
$201,540
b.
$217,500
c.
$219,230
d.
$187,500
e.
$205,190
f.
$223,190
g.
$214,334
I know I need to find out my BWIP and my EWIP. I just do not remember how to come up wth it with the information given. Please show all work.
h.
None of the above
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