Keywords

Process Costing, Production Costs, Weighted$-$Average Method

Required: $$

Given June cost and production data for Kenova's third and final production department $($the dyeing department$),$ replicate the Analysis Tasks in Lab $7\mathrm{.}3$ using the Alt Lab $7\mathrm{.}3$ Data.xlsx dataset.

Kenova's ciyeing department had $30,000$ units in beginning work$-$inprocess inventory on June $1.$ The beginning work$-$in$-$process costs for these units include $$152,000$ of costs transferred in from the sewing department, $$1,700$ in direct materials, and $$2,800$ in conversion costs.

During June, Kenova started $120,000$ units and completed $130,000$ units. Costs incurred in the dyeing department in June included $$8,650$ in direct materials and $$13,750$ in conversion costs. In addition, $$578,591$ of the sewing department's production costs were transferred in during June.

In the dyeing department, all direct materials are added at the beginning of production and conversion costs are added uniformly throughout production.

Assume that the June transferred$-$in costs totaled $$550,000.$ In addition, assume that $115,000$ units were started in the dyeing department. What is the total cost assigned to ending work$-$in$-$process units? Show your work.