xercise 16-11 (Part Level Submission)

The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.

Production:Beginning inventory1,600units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are42,900; ending inventory of5,000units 10% complete as to conversion costs.

Manufacturing costs:Beginning inventory costs, comprised of $20,000of materials and $43,180of conversion costs; materials costs added in Polishing during the month, $175,800; labor and overhead applied in Polishing during the month, $125,680and $257,140, respectively.