Le Tissier Ltd makes footballs through several automated processes.

Process 3 involves machine stitching the balls and the Direct Materials are added at the beginning of the process, with conversion costs uniformly incurred.

At the beginning of January, the work-in-process is 80% finished and at the end of the month, it is 75% complete. Other data for the month include:

Beginning work-in-process inventory

16,000 units

Units started

100,000 units

Units completed and transferred to process 4

102,000 units

Conversion costs

$240,000

Cost of direct materials

$500,000

Beginning work-in-process costs:

Materials

$41,000

Conversion

$86,000

question Fill in the cells to create steps 1 to 4 to calculate the value of closing work in process and of units finished and transferred out using the weighted-average method of process-costing.