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Question

$1.00 Costs

  • From Business: Accounting
  • Closed, but you can still post tutorials
  • Due on Jul. 25, 2012
  • Asked on Jul 22, 2012 at 12:17:05PM
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krazytaz312
krazytaz312 Not confirmed
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Q:

Sudsy Co. produces calendars in a one-department process.  The following information is available:

Direct materials added                         $30,000

Direct labor                                         $20,700

Factory overhead                                $10,350

Work-in-process inventory, beginning        -0-

Units started                                         15,000

Units completed and transferred out      12,000

Work-in-process inventory, ending         3,000

The units still in process are 100% complete with respect to direct materials and 60% complete with respect to conversion costs.  The total of costs to account for is _____.

 a.   $61,050                 b.  $30,000                  c.  $20,700      d.  $50,700