Question

Comfort chair company manufacturers a standard recliner. During​ February, the​ firm's Assembly Department started production of

73,600

chairs. During the​ month, the firm completed

78,700

​chairs, and transferred them to the Finishing Department. The firm ended the month with

10,700

chairs in ending inventory. There were

15,800

chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was

20​%

complete as to conversion​ costs, while ending work in process was

75​%

complete as to conversion costs.

Beginning

inventory​:

Direct materials $25,000

Conversion costs $35,300

Manufacturing costs added during the accounting

period​:

Direct materials $169,000

Conversion costs $278,600

How many of the units that were started and completed during​ February?

B.

62,900

C.

73,600

D.

84,300

Answer 1

Units started and completed = Beginning production units - Ending inventory units

                                              = 73,600 - 10,700

                                              = 62,900

Therefore correct option is B) 62,900

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