Peterson Manufacturing produced 1,200 units this month, 900 of which were completed during the period. The remaining units were 60% complete. The company incurred $135,000 in direct labor and overhead costs during the period and had $7,500 in direct labor and overhead costs in beginning inventory. Using the weighted average method, what was the total cost of units completed during the period? a) $108,000 b) $112,500 c) $118,750 d) $142,500

Peterson Manufacturing produced 1,200 units this month, 900 of which were completed during the period. The remaining units were 60% complete. The company incurred $135,000 in direct labor and overhead costs during the period and had $7,500 in direct labor and overhead costs in beginning inventory. Using the weighted average method, what was the total cost of units completed during the period? a) $108,000 b) $112,500 c) $118,750 d) $142,500

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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