All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 1,800 units of beginning inventory which were completed during the period is (do not round unit cost calculations) $39,968 $27,600 $41,468 $37,495
All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 1,800 units of beginning inventory which were completed during the period is (do not round unit cost calculations) $39,968 $27,600 $41,468 $37,495
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Department G had 1,800 units 25% completed at the beginning of the period, 12,200 units were completed during the period, 1,500 units were 20% completed at the end of the period, and the following
Line Item Description | Amount |
---|---|
Work in process, beginning of period | $27,600 |
Costs added during period: | |
Direct materials (11,900 units at $8) | 95,200 |
Direct labor | 82,800 |
Factory |
27,600 |
All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. The total cost of 1,800 units of beginning inventory which were completed during the period is (do not round unit cost calculations)
$39,968
$27,600
$41,468
$37,495
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