2 February, 05:57

# A golf ball manufacturer gives us its data for the year: WIP Inventory, January 1 Units started Units completed and transferred out WIP Inventory, December 31 Direct materials Direct labor Manufacturing Overhead 0 units 9,500 units 6,400 units 3,100 units \$15,478 \$7,400 \$5,611 Units in ending WIP Inventory were 90% complete for materials and 60% complete for conversion costs. On December 31, the total costs of units completed and transferred would be closest to (Round intermediate calculations to the nearest cent and the final answer to the nearest dollar.) A. \$30,964 B. \$7,327 c. \$10,106 D. \$7,629.

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1. 2 February, 06:21
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c. \$10,106 if taken separately for Direct Material or Conversion Costs

Or None of these as total cost is \$ 10,779+\$ 10,081 = \$20860 for units transferred out

Explanation:

Units % of Eq. Units

Completion D. M Conversion

Units completed and

transferred out 6,400 units 100% 6400 6400

WIP Inventory, 3,100 units 90%,60% 2790 1860

December 31

Total Units to account for 9190 8260

Direct materials \$15,478

Direct labor \$7,400