The following production and cost per EUP data are available for Vendome Corp. for February 2010: Units

Question:

The following production and cost per EUP data are available for Vendome Corp. for February 2010:

Units completed during February ................390,000

Units in ending inventory (100% complete as to direct material;

30% complete as to direct labor; 25% complete as to overhead) ... 55,500

Direct material cost per EUP .................. $7.50

Direct labor cost per EUP .................... $9.00

Overhead cost per EUP .................... $10.20

a. What is the cost of the goods completed during February?

b. What is the cost of ending inventory at February 28, 2010?

c. What is the total cost to account for during February?


Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

Question Posted: