Answer:
Department S
The total cost of units completed during the period were:______.
= $113,325
Explanation:
a) Data and Calculations:
Units started during the period = 10,000
Material cost of units started = $70,000
Units completed = 7,500 units
Units in ending WIP = 2,500 units
Equivalent units: Materials Conversion
Started and completed 7,500 7,500
Ending WIp 2,500 950 (2,500 * 38%)
Total equivalent units 10,000 8,450
Cost of production: Materials Conversion Total
Units started $70,000 $68,500 $138,500
Equivalent units 10,000 8,450
Cost per equivalent $7.00 $8.11
Cost of units completed:
Materials $52,500 (7,500 * $7)
Conversion 60,825 (7,500 * $8.11)
Total costs $113,325
