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Paula Inc. manufactures phones in a two-department process that involves Assembly and Finishing. The Assembly Department...

Paula Inc. manufactures phones in a two-department process that involves Assembly and Finishing. The Assembly Department reported the follow data for the past month:

Direct materials added                             $336,000

Direct labor                                                  460,800

Factory overhead                                        230,400

Total costs to account for                      $1,027,200

Units started                                                  80,000

Units completed and transferred               67,200

Units not complete                                       12,800

Units in beginning inventory                               0

The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs. The cost of a finished unit is ________.

A) $12.84

B) $13.20

C) $15.29

D) $17.20

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Answer #1
Materials Conversion
Units completed and transferred out 67200 67200
Work in process, ending:
12800 X 100% 12800
12800 X 75% 9600
Equivalent units of production 80000 76800
Materials Conversion Total cost
Work in process, beginning 0 0
Cost added during month 336000 691200
Total costs 336000 691200
Divide by Equivalent units of production 80000 76800
Cost per Equivalent unit 4.20 9.00 13.20
Option B $13.20 is correct
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