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3 February, 13:56

Assuming that all direct materials are placed in process at the beginning of production, the total cost of the departmental work in process inventory at the end of the period is a.$199,500 b.$16,438 c.$90,000 d.$283,140

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  1. 3 February, 16:29
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    Answer is option B

    Explanation:

    Number of Unit Completed = 18000 Unit

    Work In Progress Units = 2000

    Equivalent Unit = 18000 + 2000 * 30%

    Equivalent Unit = 18600 Unit.

    Calculation of Direct Labour Cost = Direct Labour Cost / Number of Unit

    Calculation of Direct Labour Cost = 142300 / 18600

    Calculation of Direct Labour Cost = $7.6505376

    Direct Overhead Cost Per Unit = Overhead Cost / No Of Unit

    Direct Overhead Cost Per Unit = 57200 / 18600

    Direct Overhead Cost Per Unit = $3.075688

    Work In Progress Inventory Cost

    Material Cost = 2000 * 5

    Material Cost = 10000

    Labour Cost = 600 * 7.6505376

    Labour Cost = 4590.32258

    Overhead Cost = 600 * 3.075688

    Overhead Cost = 1845.161290

    Work In Progress Inventory Cost = 10000 + 4590.32258 + 1845.161290

    Work In Progress Inventory Cost = $16436
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