Answer:
Direct Material Conversion
Units completed and transferred 22,200 22,200
Closing inventory units
(Material 100% complete) 2,400
(Conversion 80% complete) 1920(2400*80%)
Total equivalent units <u>24,600 </u> <u>24,120</u>
TOTAL COST PER UNIT
Cost in opening inventory(A) 19,800 221,940
Cost in the period (B) 496,800 2,165,940
Total cost (A+B) 516,600 2,387,880
Equivalent units(C) 24,600 24,120
cost per equivalent units (A+B)/C 21 99
COST SUMMARY $
<em>Cost of finished goods:</em>
Material (22,200*21) 466,200
Conversion cost (22,200*99) 2,197,800
<em>Cost of closing units</em>
Material (2,400*21) 50,400
Conversion cost (1,920*99) 190,080
Total cost <u>2,904,480</u>