A comapany uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of 50,000 units, (3)/(5) complete with respect to direct labor and overhead. Cost of beginning inventory is labor $200,000 and overhead is $300,000. The department started 137,000 units this period. The ending inventory consists of 60,000 units solutionspile.com

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A comapany uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of 50,000 units,

(3)/(5)

complete with respect to direct labor and overhead. Cost of beginning inventory is labor

$200,000

and overhead is

$300,000

. The department started 137,000 units this period. The ending inventory consists of 60,000 units that are

(1)/(4)

complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of

$440,000

and overhead costs of

$520,000

for the period. Assume Weighted Average method to determine the conversion cost per equivalent unit.

$10.28

per EU

$7.00

per EU

$4.64

per EU

$3.92

per EU

$8.57

per EU

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