A manufacturing department completed and transferred to finished goods a total of 50,000 units. They also had 2,500 units in ending work in process inventory. Of this ending inventory, direct materials were 60% complete and conversion costs were 20% complete. Their cost per EUP for direct materials is $5.75 and $1.25 for conversion cost. The cost of units completed this period is $ .

The cost of units completed this period is $ 350,000

Explanation:

Units Out of the Process Were:

Finished Goods = 50,000

Ending Work In Progress = 2500

          1.) Finished Goods Equivalent Units

Materials : Finished Goods are 100% complete in terms of materials hence 50000 equivalent units

Conversion : Finished Goods are 100% complete in terms of conversion costs hence 50000 equivalent units

          2.) Cost of units completed Units

Materials : 50000 × 5.75 =287500

Conversion : 50000×1.25 =62500

Total = 287500 + 62500 = $ 350,000

*Note Ending Inventory is not relevant for this question

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