1. Beginning inventory consisted of 1,200 units. All materials and 40 percent of labor and overhead were added in the prior period at a cost of $17,690. In addition, another 7,500 units were started and completed during the current period. The cost per equivalent unit is $5.50 for materials; $12.70 for labor, and $6.80 for overhead. What is the total cost of goods transferred out in the current period using FIFO? a. $201,540 b. $217,500 c. $219,230 d. $187,500 e. $205,190 f. $223,190 g. $214,334 h. None of the above
1. Beginning inventory consisted of 1,200 units. All materials and 40 percent of labor and overhead were added in the prior period at a cost of $17,690. In addition, another 7,500 units were started and completed during the current period. The cost per equivalent unit is $5.50 for materials; $12.70 for labor, and $6.80 for overhead. What is the total cost of goods transferred out in the current period using FIFO? a. $201,540 b. $217,500 c. $219,230 d. $187,500 e. $205,190 f. $223,190 g. $214,334 h. None of the above
Chapter5: Process Costing
Section: Chapter Questions
Problem 10PB: The packaging department began the month with 750 units that were 100% complete with regard to...
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