Process Costing

Tempe Manufacturing Company makes a single product that is produced on a continuous basis in one department. All materials are added at the beginning of production. The total cost per equivalent unit in process in March $2009$ was $$4\mathrm{.}60,$ consisting of $$3\mathrm{.}00$ for materials and $$1\mathrm{.}60$ for conversion. During the month, $8,700$ units of product were transferred to finished goods inventory; on March $31,2,000$ units were in process, $10$ percent converted. The company uses weighted average costing.

$($a$)$ Determine the cost of goods transferred to finished goods inventory.

$Answer $1$

$40,020$

$($b$)$ Determine the cost of the ending work$-$in$-$process inventory.

$Answer $2$

$6,320$

$($c$)$ What was the total cost of the beginning work$-$in$-$process inventory plus the current manufacturing costs?