Question

Department A had no Work-in-Process at the beginning of the period, 1,400 units were completed during the period, 400 units were 50% completed at the end of the period, and the following manufacturing costs were debited to the departmental Work-in-Process account during the period

Direct materials (1,800 at $14.00 $25,200 Direct labor 12,480 Factory overhead 8,320 Assuming that all direct materials are added at the beginning of production and Department A uses weighted-average process costing, what is the total cost of the departmental Work-in-Process Inventory at the end of the period?

Answer 1

The total cost of the departmental Work-in-Process Inventory at the end of the period = $ 8200

Step-by-step explanation:

Units % of EUP

Completion D.Materials Conversion

Costs

No Of Units

Completed 1400 100 1400 1400

Units In Process 400 50% 400 200

Total 1800 1800 1600

Ending Inventory Valuation

Working:

Direct Materials = $( 25,200/ 1800 )*400= $5600

Conversion Costs= ($ 20800/1600)*200= $2600

Total Ending Inventory Costs= $5600+$2600= $ 8200

Direct materials (1,800 at $14.00) $25,200

Direct labor 12,480

Factory overhead 8,320

Total Manufacturing Costs $ 46000