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A department uses the FIFO method of process costing. All direct materials are added when units are 50% complete with respect to conversion costs.
A department uses the FIFO method of process costing. All direct materials are added when units are 50% complete with respect to conversion costs. This department has the following data for this month. 24 units in beginning WIP (11% complete with respect to conversion costs). 722 units started 14 units in ending WIP (22% complete with respect to conversion costs). $0 Beginning WIP direct material costs $504 Beginning WIP conversion costs $6,329 Current period direct material costs $5,115 Current period conversion costs What is the department's total cost for units completed and transferred out for this month (round final answer to nearest cent if necessary)?
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