Question
A shampoo manufacturer offers the following information: WIP inventory, January 1 0 units Units started 33,600 units Units completed and transferred out 13,200 units WIP
A shampoo manufacturer offers the following information:
| WIP inventory, January 1 | 0 units |
| Units started | 33,600 units |
| Units completed and transferred out | 13,200 units |
| WIP inventory, December 31 | 20,400 units |
| Direct materials | $284,480 |
| Direct labor | $579,000 |
| Manufacturing overhead | $334,920 |
The units in ending WIP inventory were 60% complete for materials and 40% complete for conversion costs.
On December 31, what is the total cost of units completed and transferred?
| a. | $1,198,400 |
| b. | $712,800 |
| c. | $564,795 |
| d. | $470,800 |
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Auditing
Authors: Thomas D. Hubbard, J. R. Johnson, Steve Johnson, Joel D. Hubbard
6th Edition
0873932609, 9780873932608
