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XYZ, Inc. has two departments, Fabrication and Assembly. Assembly department began the current period with 3,000 units in work-in-process. These units were 65% complete. 8,000

XYZ, Inc. has two departments, Fabrication and Assembly. Assembly department began the current period with 3,000 units in work-in-process. These units were 65% complete. 8,000 units were transferred from the Fabrication department. Costs attached to beginning work-in-process included $12,000 incurred in Fabrication plus $6,000 for materials, $9,000 for labor, and $10,000 for overhead in Assembly. Materials are added at the beginning of the process, labor is added when the units are 30% complete and overhead is incurred uniformly. Units are inspected at 50% stage of completion. Rejected units are returned to the 20% stage of completion for rework. Normal rework is 2% of units surviving inspection. Units are inspected again when they are 70% complete. Rejected units are thrown away. Normal spoilage is considered to be 2% of the units inspected. There were 8,400 units inspected for rework and 300 units were rejected for spoilage. Spoiled units are sold for one dollar each. Ending work-in-process consists of 1,800 units, 60% complete. Current costs incurred were $42,720 from Fabrication plus $16,800 for materials, $25,200 for labor, and $41,550 for overhead in Assembly. Required: Using average process costing, determine cost of goods completed, cost of ending work-in-process, loss from abnormal spoilage, and loss from abnormal rework in the Assembly department. Note: Use numerical fractions, such as 1/3, 4/5, etc., (not decimal) for allocations, if any

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