Answer:
Cost of completed units = $158,240
Explanation:
<em>Cost of completed units = Cost per equivalent unit × no of units</em>
<em>Equivalent unit = Degree of completion × units of work</em>
<em>Equivalent units of material</em>
( 9200× 100%) + (3000×100%) = 12,200 unit
Cost per equivalent unit of material = $97,600/12,200 units= $8
<em>Equivalent units of labour and overhead</em>
(9200× 100%) + (3000× 25%) = 750
Cost per equivalent unit of labour and overhead
=( 73,630+17910)/9950
=$9.2
Cost of completed units
= $(9.2+8)× 9,200 = 158,240
Cost of completed units = $158,240
