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DM are added at the beginning of the process. Physical units are as follows: Beginning WIP...

DM are added at the beginning of the process. Physical units are as follows: Beginning WIP = 40,000 units, 80% completed last period. Of the 76,000 units started this period, only 42,000 were complete at the end of the period. Ending WIP was 60% complete as to CC. Costs are as follows: Beginning WIP: DM $41,080; CC $95,928 Current month costs: DM $90,000; CC $157,000 What is CC for C/G/M?

a. $384,008

b. $202,540

c. $252,928

d. $50,388

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Homework Answers

Answer #1
Weighted average cost
Beggining units 40000 Transferred out 42,000
Started intro production 76000 Ending units 74,000
Units accounted for 116000 116000
Equivalent units Material Conversion cost
Units transferred                      A 42000 42000
Ending Units 74,000 74,000
Completion 100% 60%
B 74000 44400
Total units 116000 86400
Cost per equivalent units
Particulars Material Conversion cost total
As at beginning 41080 95928 137008
Added during the month 90000 157000 247000
Cost to be accounted for 131080 252928 384008
Total eqivalent units 116000 86400
Cost per equivalent unit 1.13 2.93 4.06
Cost per equivalent unit = Cost to be accounted for / Total equivalent units

COrrect answer is A

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