Oholics, Ltd., produces chocolate that it sells to candy makers. On April 1, it had no work-in- -process inventory. It started production of 40,000 pounds of chocolate in April and completed production of 38,000 pounds. The costs of the resources used by Oholics in April consist of the following:

Required The production supervisor estimates that the ending work in process is-60 percent complete on April 30. Compute the cost of chocolate completed and the cost of the chocolate in work-in-process ending inventory as of April 30.

 

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Materials ...... $44,000 Conversion costs (labor and overhead) 54,000