Central Manufacturing has two production departments. Finishing had 2,000 units in process at the beginning of the period, three-fifths complete. During the period, 14,000 units were received from assembly, 13,000 units were transferred to the finished goods storeroom, and 3,000 units were in process at the end of the period, two-thirds complete. The cost of the beginning work in process was:

Cost in assembly

$12,000

Cost in finishing:

Materials

700

Labor

1800

Factory overhead

1000

Costs During the Month

Cost of goods received from assembly

$84,000

Cost in finishing:

Materials

5500

Labor

17500

Factory overhead

10000

Considering this information, determine (a) the unit cost for the month in finishing, (b) the total cost of the products transferred to finished goods, (c) the total cost of the ending work-in-process inventory.

Unit Cost for the Month in Finishing

Cost Element

Beginning Work-in-Process

Cost for Month

Total

Unit Output

Unit Cost

Materials

Labor

Factory overhead

Total

Units completed and transferred

3,000 units in process, 2/3 completed

Unit output for the month

Total Cost of Products Transferred to Finished Goods

Cost Element

Cost

Cost in assembly

Cost in finishing

Cost of goods transferred to finished goods

Total Cost of Ending Work-in-Process Inventory

Cost Element

Cost

Cost in assembly

Cost in finishing:

Materials

Labor

Factory Overhead

Cost of ending work-in-process inventory