Department A had 5000 units, 60% completed, in process at the beginning of the period, 10,000 units were added during the period, 12,000 units were completed and transferred to the next department, while the remaining 3,000 units were 35% completed at the end of the period. All materials were added at the beginning of production. The cost incurred is as follows: Material Conversion Work-in-process, beginning $800,000 $1,000,000 Cost added this Period $2,000,000 $5,000,000 What was the cost of units completed and transferred?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 5E: The Converting Department of Worley Company had 2,400 units in work in process at the beginning of...
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Department A had 5000 units, 60% completed, in process at the beginning of the period, 10,000 units were added during the
period, 12,000 units were completed and transferred to the next department, while the remaining 3,000 units were 35%
completed at the end of the period. All materials were added at the beginning of production.
The cost incurred is as follows:
Material
Conversion
Work-in-process, beginning $800,000
$1,000,000
Cost added this Period
$2,000,000 $5,000,000
What was the cost of units completed and transferred?
Transcribed Image Text:Department A had 5000 units, 60% completed, in process at the beginning of the period, 10,000 units were added during the period, 12,000 units were completed and transferred to the next department, while the remaining 3,000 units were 35% completed at the end of the period. All materials were added at the beginning of production. The cost incurred is as follows: Material Conversion Work-in-process, beginning $800,000 $1,000,000 Cost added this Period $2,000,000 $5,000,000 What was the cost of units completed and transferred?
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