Company C uses Process Costing system. Data about Company C is given below:

Data for November Shaping Department Insertion Department

Units: Beginning Work in Process ---------------------- 25.000 units Production started 60.000 units Transfer in From Previous Department --------------------- ? Completed Goods Inv. 50.000 units 60.000 units Ending WIP Inv. 10.000 units 15.000 units Comp. as to Direct Material 80% 50% Comp. as to Convers. Work 50% 60% Costs: Beginning Work in Process --------------------- $112.500 Transferred in from Previous Department --------------------- ? Direct Materials Added $145.000 $135.000 Conversion Costs Added $110.000 $103.500

Required:

Calculate WIP Inventory-Shaping, WIP Inventory-Insertion and Finished Goods Inventory.

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