QUESTION 12 Klug Industries adds materials at the beginning of the process in the molding department, which is the first of two stages of

Question

22 users unlocked this solution today!

  

QUESTION 12 Klug Industries adds materials at the beginning of the process in the molding department, which is the first of two stages of its production cycle. Information concerning the materials used in the molding department in August follows: Work in process at August 1 Units started during August Units completed and transferred to next department during August Units Materials Costs 8,000 $11,550 20,000 $72,450 21,000 Using the FIFO method, what is the materials cost of the work in process at August 31 (rounded to nearest dollar)? a. $28,000 b. $25,358 c. $29,400 d. $29,639 10 points Sa