Longboard Skateboard's finishing department has 50,000 units in inventory at the beginning of the month. The beginning inventory cost of $90,000 consists of $54,500 of direct materials and $36,000 of conversion costs.

During the period, the department started 150,000 units and ending inventory is 30,000 units. Ending inventory is 30% complete with respect to direct materials and 20% complete with respect to conversion costs.

Costs added to the department during the period include $930,000 of direct materials as $800,000 of conversion costs.

Assign and reconcile costs

Assign Costs	Dollar Value
DM costs transferred out
Conversion costs transferred out
Total costs transferred out
DM costs in Ending Inventory
Conversion costs in Ending Inventory
Total costs in Ending Inventory
Total costs for the period	1,820,500

Reconcile to Known Costs

Cost Categories	Dollar Amount
Beginning Inventory
DM added during the period
Conversion added during the period
Total costs for the period	1,820,500