ABC company operates two departments. Department M and department N. ABC company use a FIFO process costing system. Department M reported the following inventory system for april.

Work is process, Apr 1 Units 40,000 % complete DM 75% %complete conversion 10%

Work in progress Apr 30 Units 50,000 % complete DM 60% %complete conversion 70% Work in process apr 1 DM $50000 COnversion $90,000 Cost incurrered during april DM 500000 conversion 300000 During APril department M completed 50000 units and transferred them to Department N CALCULATE COST OF GOODS STARTED AND COMPLETED IN APRIL FOR DEPARTMENT M