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Question 2: Romana paint produces exterior paint, which it sells in one-gallon containers. The company has two processing departments - Base Fab and Finishing, Information

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Question 2: Romana paint produces exterior paint, which it sells in one-gallon containers. The company has two processing departments - Base Fab and Finishing, Information relating to the Base fab department's April operation is as follows - Production data: Units in process, April 1: Materials 70% complete, labor and overhead 60% complete 25,000 Units started into production during April 125,000 Units completed and transferred to finishing department 120,000 Units in process, April 30: Materials 100% complete, labor and overhead 40% complete 30,000 Cost data: Work in process inventory on April 1 Materials $ 82,000 Labor $ 41,000 Overhead $ 27,000 Cost added during April: Materials $440,000 Labor $250,000 Work in process inventory on April 1 Materials $ 82,000 Labor $ 41,000 Overhead $ 27,000 Cost added during April: Materials $440,000 Labor $250,000 Overhead $190,000 Total cost added during April $880,000 Compute the Base Fab Department's cost of ending work in process inventory and cost of completed units transferred to the next department. [8 Marks] Dict)

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