1. Ward Inc. manufactures a single product that passes through two departments: Extruding and Finishing-Packing. The product is shipped at the end of the day in which it is packed. The production in the Extruding and Finishing-Packing Departments does not increase the number of units started. The cost and production data for the month of October are as follows: Production Data October production statistics Extruding Department Finishing-Packing Department Units in process, 101 10,000 29,000 Units in process, 10/31 8,000 6,000 Units started or received from preceding dept 0,000 22,000 Units completed and transferred or shipped 22,000 44,000 Cost Data Work in Progress, October 1 Extruding Department Finishing-Packing Department Cost from preceding department $60,200 Materials $5,900 Labor 1,900 1,500 Factory overhead 1,400 2,000 Costs added during October: Extruding Department Finishing-Packing Department Materials $20,100 $4,400 Labor 10,700 7,720 Factory overhead 8,680 11,830 of completion of work in process: Extruding Department Finishing-Packing Department 10/1 10/31 10/1 10/31 Materials 70% 50 0% 0% Labor 50 40 30 35