CFT Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processing departmentsBase Fab and Finishing. White paint, which is used as a base for all the companys paints, is mixed from raw ingredients in the Base Fab Department. Pigments are then added to the basic white paint, the pigmented paint is squirted under pressure into one-gallon containers, and the containers are labeled and packed for shipping in the Finishing Department.

Information relating to the companys operations for April follows:

1. Issued raw materials for use in production: Base Fab Department, $851,000; and Finishing Department, $629,000.
2. Incurred direct labor costs: Base Fab Department, $330,000; and Finishing Department, $270,000.
3. Applied manufacturing overhead cost: Base Fab Department, $665,000; and Finishing Department, $405,000.
4. Transferred basic white paint from the Base Fab Department to the Finishing Department, $1,850,000.
5. Transferred paint that had been prepared for shipping from the Finishing Department to Finished Goods, $3,200,000.

Required:

1. Determine the cost of ending work in process inventories and of units transferred out of the Finishing Department in April. The following additional information is available regarding production in the Finishing Department during April:

Production data:

Units (gallons) in process, April 1: materials 25% complete;

Labor and overhead 25% complete 30,000

Units (gallons) transferred in from Base Fab during April 370,000

Units (gallons) completed and transferred to Finished Goods 380,000

Units (gallons) in process, April 30: materials 40% complete;

Labor and overhead 40% complete 20,000

Cost data:

Work in process inventory, April 1:

Base Fab Process Costs (transferred-in) $ 150,500

Materials $ 10,500

Labor 5,000

Overhead 7,500

Total cost of work in process inventory $ 173,500

Costs added during April:

Base Fab Process Costs (transferred-in) $ 1,850,000

Materials 629,000

Labor 270,000

Overhead 405,000

Total cost added during April $3,154,000

2. Prepare a cost reconciliation report for the Finishing Department for April.

PLEASE SHOW ALL WORK THAT IS REQUIRED