The Smelting Department of Polzin Company has the following production and cost data for September. Production: Beginning work in process 1,700 units that are 100% complete as to materials and 20% complete as to conversion costs; units started and finished 8,000 units; and ending work in process 900 units that are 100% complete as to materials and 40% complete as to conversion costs. Manufacturing costs: Work in process, September 1, $15,000; materials added $53,400; labor and overhead $116,640. Polzin uses the FIFO method to compute equivalent units. |