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Production information shows the following costs and units for the smoothing department in August. Cost Units Work in process Beginning balance materials $1,550 Beginning units
Production information shows the following costs and units for the smoothing department in August. Cost Units Work in process Beginning balance materials $1,550 Beginning units 630 Beginning balance: conversion 2.400 Transferred in 1,790 Materials 6,920 Transferred out 1,820 Labor 14,500 Overhead 6,600 All materials are added at the beginning of the period. The ending work in process is 10% complete as to conversion. What is the value of the inventory transferred to finished goods and the value of the WIP inventory at the end of the month? Transferred outs Ending inventory s
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