Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Department G had 2,160 units 25% completed at the beginning of the period, 13,700 units were completed during the period, 1,800 units were 20% completed

Department G had 2,160 units 25% completed at the beginning of the period, 13,700 units were completed during the period, 1,800 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period:

image text in transcribed

Department G had 2,160 units 25% completed at the beginning of the period, 13,700 units were completed during the period, 1,800 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period Costs added during period: $32,300 Direct materials (13,340 units at $9) Direct labor Factory overhead 120,060 83,400 27,800 All direct materials are placed in process at the beginning of production and 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 (round unit cost calculations to four decimal places and round your final answer to the nearest dollar)? a. $18,421 b. $24,909 c.$16,200 d. $19,161

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing In Savings And Credit Cooperative Societies

Authors: Daniel Njuguna

1st Edition

B0C8SCJKRT, 979-8223128649

More Books

Students also viewed these Accounting questions

Question

Why are benefi ts classifi ed?

Answered: 1 week ago