Problems Class Activities - Process Costing ACTIVITY 1 Triad Electronics manufactures circuit-testing devices in a single department. Three different models are produced: Standard, Economy, and Deluxe. All three models require the same amount of processing time; the differences between the three models are in the materials used. During the month, $91,400 in conversion costs were expended. Production statistics are as follows: Deluxe Beginning WIP % completed. Started.... Ending WIP % completed. Cost of materials. Standard Economy 50 units 50 units 60% 60% 600 units 900 units 40 units 60 units 60% 40% $45 $25 25 units 40% 800 units 30 units 40% $80 Required: Determine the transferred-out and ending work-in-process values using operational costing. Use job-order costing for materials and FIFO process costing for conversion costs. Assume that materials are added at the beginning of the process