Question:
1. 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?