Department S had no work in process at the beginning of the period. 11,783 units of direct materials were added during the period at a cost of $82,481. 8,837 units were completed during the period, and 2,946 units were 23% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $50,433 and factory overhead was $8,354. What was the total cost of units completed during the period? A. $24,809 B. $82,481 C. $116,459 D. $141,268

Department S had no work in process at the beginning of the period. 11,783 units of direct materials were added during the period at a cost of $82,481. 8,837 units were completed during the period, and 2,946 units were 23% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $50,433 and factory overhead was $8,354. What was the total cost of units completed during the period? A. $24,809 B. $82,481 C. $116,459 D. $141,268

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 9P: Clearwater Candy Co. had a cost per equivalent pound for the month of 4.56 for materials, 1.75 for...

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During March, the following costs were charged to the manufacturing department: $22,500 for materials; $45,625 for labor; and $50,000 for manufacturing overhead. The records show that 40,000 units were completed and transferred, while 10,000 remained in ending inventory. There were 45,000 equivalent units of material and 42,500 units of conversion costs. Using the weighted-average method, prepare the companys process cost summary for the month.
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