A company produces one product and uses process costing. It provides the following for the month of April: A company uses process costing. The following information pertains to the month of

September:

Cost per equivalent unit calculations for September:

Cost per equivalent unit for materials costs: $$2\mathrm{.}08$

Cost per equivalent unit for conversion costs: $$8\mathrm{.}13$

Physical inventory, September:

$4,000$ units in beginning work$-$in$-$process inventory

$10,000$ units started

$12,000$ units completed

$2,000$ units in ending work$-$in$-$process inventory

Ending Work$-$In$-$Process inventory is $38\%$ complete with respect to materials costs and

$52\%$ complete with respect to conversion costs.

How much cost should be assigned to ending finished goods inventory for the month of

September? $($Round all calculations to the nearest dollar and cents.$)$

Question $4$

A company produces one product and uses process costing. It provides the following for

the month of April:

At the beginning of April, there were $220$ units in beginning Finished Goods Inventory,

with an assigned product cost of $$5\mathrm{.}25$ each. If the company uses FIFO $($first$-$in$-$first$-$out$)$

to value Finished Goods Inventory, what will Cost of Goods Sold be for April? $($Round all

intermediate calculations and the final answer to the nearest dollar and cents.$)$

Units completed $($finished$)$ in April: $2000$

Units sold in April $1840$

Cost per equivalent unit in April: $$5\mathrm{.}43$

At the beginning of April, there were $220$ units in beginning Finished Goods Inventory, with an assigned product cost of $$5\mathrm{.}25$ each. If the company uses FIFO $($first$-$in$-$first$-$out$)$ to value Finished Goods Inventory, what will Cost of Goods Sold be for April? $($Round all intermediate calculations and the final answer to the nearest dollar and cents.$)$