The following production and cost per EUP data are available for Vendome Corp for February: Units Completed during February 390,000 Units in ending inventory (100% complete as to direct material. 30% complete as to direct labor; 25% complete as to overhead) 55,500 Units completed during February 390,000 Direct Materials per EUP 7.50 Direct Labor per EUP 9 Overhead cost per unit 10.20 Use Weighted Average Method Questions: 1. What is the cost of the goods completed during February? 2. What is the cost of ending inventory at February 28? 3. What is the total cost to account for during February?
The following production and cost per EUP data are available for Vendome Corp for February: Units Completed during February 390,000 Units in ending inventory (100% complete as to direct material. 30% complete as to direct labor; 25% complete as to overhead) 55,500 Units completed during February 390,000 Direct Materials per EUP 7.50 Direct Labor per EUP 9 Overhead cost per unit 10.20 Use Weighted Average Method Questions: 1. What is the cost of the goods completed during February? 2. What is the cost of ending inventory at February 28? 3. What is the total cost to account for during February?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following production and cost per EUP data are available for Vendome Corp for February:
| Units Completed during February | 390,000 |
| Units in ending inventory (100% complete as to direct material. 30% complete as to direct labor; 25% complete as to |
55,500 |
| Units completed during February | 390,000 |
| Direct Materials per EUP | 7.50 |
| Direct Labor per EUP | 9 |
| Overhead cost per unit | 10.20 |
Use Weighted Average Method
Questions:
1. What is the cost of the goods completed during February?
2. What is the cost of ending inventory at February 28?
3. What is the total cost to account for during February?
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