Question: Louvre Corp. applies the weighted average method for process costing. The following production and cost per EUP data are available for Louvre Corp. for February:
Louvre Corp. applies the weighted average method for process costing. The following production and cost per EUP data are available for Louvre Corp. for February:
| Units completed during February | 780,000 |
| Units in ending inventory* | 111,000 |
| Direct material cost per EUP | $7.50 |
| Direct labor cost per EUP | $9.00 |
| Overhead cost per EUP | $10.20 |
* 100% complete as to direct material; 30% complete as to direct labor; 25% complete as to overhead
a. What is the cost of the goods completed during February? $Answer
b. What is the cost of ending inventory at February 28? $Answer
c. What is the total cost to account for during February? $Answer
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