Department S had no work in process at the beginning of the period. It added 10,000 units of direct materials during the period at a cost of $70,000; 7,500 units were completed during the period; and 2,500 units were 38% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $59,600 and factory overhead was $8,900. The total cost of units completed during the period were:. a. $133,784.
b. $111,487.
c. $102,285.
d. $52,500.

Department S

The total cost of units completed during the period were:.

= $113,325

Explanation:

a) Data and Calculations:

Units started during the period = 10,000

Material cost of units started = $70,000

Units completed = 7,500 units

Units in ending WIP = 2,500 units

Equivalent units:                 Materials      Conversion

Started and completed       7,500             7,500

Ending WIp                          2,500                950 (2,500 * 38%)

Total equivalent units       10,000              8,450

Cost of production:     Materials      Conversion    Total

Units started               $70,000       $68,500      $138,500

Equivalent units            10,000             8,450

Cost per equivalent     $7.00               $8.11

Cost of units completed:

Materials    $52,500 (7,500 * $7)

Conversion  60,825 (7,500 * $8.11)

Total costs $113,325

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