Question

Flajovich Company manufactures tape dispensers. The Assembly Department reported the follow data for the past month:...

Flajovich Company manufactures tape dispensers. The Assembly Department reported the follow data for the past month:

Units started and completed                       70,000

Units started and not complete                  10,000

Units in beginning inventory                               0

Direct materials costs                               $480,000

Conversion costs                                       $240,000

The partially complete units at the end of the month were 100 percent complete with respect to materials and 50 percent complete with respect to conversion costs. The total cost of units completed and transferred is ________.

A) $630,000

B) $644,000

C) $690,000

D) $720,000

Business   Accounting   
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Answer #1
Materials Conversion
Units completed and transferred out 70000 70000
Work in process, ending:
10000 X 100% 10000
10000 X 50% 5000
Equivalent units of production 80000 75000
Materials Conversion Total cost
Work in process, beginning 0 0
Cost added during month 480000 240000
Total costs 480000 240000
Divide by Equivalent units of production 80000 75000
Cost per Equivalent unit 6.00 3.20 9.20
Materials Conversion Total
Units completed and transferred 70000 70000
X Cost per Equivalent unit 6.00 3.20
Cost of Units completed and transferred 420000 224000 644000
Option B $644,000 is correct
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