During the month, 2,100 units of a product were completed and 1,200 units were two-thirds complete with respect material and one-third complete with respect to labor and overhead. After completing equivalent unit cost calculations, the company determined material cost was $3.52 and the combined labor and overhead cost was $6.80 per unit.
- What is the cost of the completed units?

Question

Quizplus · Accepted Answer

The cost of the completed units is calculated by multiplying the number of completed units (2,100) by the sum of the material cost ($3.52) and the combined labor and overhead cost ($6.80) per unit. Therefore, the total cost is 2,100 units * ($3.52 + $6.80) = 2,100 * $10.32 = $21,672.

During the Month, 2,100 Units of a Product Were Completed