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18 February, 17:46

Work in process, November 1st Started in production during November Work in process, November 30th Units 16,900 109,000 24,900 The beginning inventory was 70% complete as to materials and 10% complete as to conversion costs. The ending inventory was 90% complete as to materials and 30% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $55,460; direct labor, $21,220; manufacturing overhead, $16,140. Costs incurred during the month: direct materials, $477,000; direct labor, $191,880; manufacturing overhead, $400,160. What are the total costs in the ending Work-in-Process Inventory assuming Bentley uses weighted - average process costing?

a. $137,854.

b. $94,590

c. $140,034

d. $137,793

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  1. 18 February, 18:09
    0
    Opening units 16900

    Started 109000

    125900

    Transffered 101000

    Closing 24900

    Production and cost table using Weighted average method

    Cost Opening current Total Complete WIP Equivalen Cost

    Head Cost Cost Cost Units Units Units PerUnit

    Mat. 55,460 477,000 532,460 70,000 22,410 92,410 5.76

    Lab. 21,220 191,880 213,100 70,000 7,470 77,470 2.75

    MOH 16,140 400,160 416,300 70,000 7,470 77,470 5.37

    Complete 70,000 8.51 595,887

    Closing Wip

    Material 22,410 5.76 129,125

    Labour 7,470 2.75 20,548

    MOH 7,470 5.3737 40,141

    189,814
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