32. (Hybrid costing) Carolina Coats makes casual coats (one size fits most). Each coat goes through the same conversion process, but three types of fabric

(Dacron, denim, or cotton) are available. The company uses a standard costing system, and standard costs for each type of coat follow:

Dacron Denim Cotton Material (5 yards) $10 $ 5 $12 Direct labor (2 hours) 12 12 12 Overhead (based on 1.5 machine hours) 9 9 9 Total $31 $26 $33 Material is added at the start of production. In March 2001, there was no beginning Work in Process Inventory and 1,500 coats were started into production.

Of these, 200 were Dacron, 600 were denim, and 700 were cotton. At the end of March, 300 jackets (50 Dacron, 100 denim, and 150 cotton) were not yet completed. The stage of completion for each cost component for the 300 unfinished jackets is as follows:

Material 100% complete Direct labor 25% complete Overhead 35% complete

a. Determine the total cost of the coats completed and transferred to Finished Goods Inventory.

b. Determine the total cost of the coats in ending Work in Process Inventory.