Zeus Corporation produces cultured diamonds via a secretive process that grows the diamonds in a vacuum chamber filled with a carbon gas cloud. The diamonds are produced in a single continuous process and Zeus uses the weighted-average process costing method of accounting for production.

Below is the company's calculation of cost per equivalent unit for October. During October, the company

completed and transferred 8,000 diamonds to finished goods. An additional 4,000 units were still in process at the end of the month. The ending work in process was 60% complete with respect to direct materials and 40% complete with respect to both elements of conversion cost.

Prepare a schedule showing the allocation of total cost between finished goods and ending work in process.

Costs per equivalent unit :
			Conversion
	Total Cost	Direct Materials	Direct Labor	Factory Overhead
Beginning Work in Process	$3,900,000	$1,170,000	$780,000	$1,950,000
Cost incurred during period	9,300,000	2,000,000	2,325,000	$5,115,000
Total cost	$13,340,000	$3,170,000	$3,105,000	$7,065,000
Equivalent units		10,400	9,600	9,600
Costs per equivalent unit		$304.81	$323.44	$735.94
			$1,059.38
		$1,364.19

A.

Transferred to Finished Goods	$12,831,980
Total Ending Work in Process	$3,029,997
Total Cost Allocation	$15,861,894

B.

Transferred to Finished Goods	$8,831,354
Total Ending Work in Process	$5,029,231
Total Cost Allocation	$13,860,585

C.

Transferred to Finished Goods	$10,913,520
Total Ending Work in Process	$2,426,552
Total Cost Allocation	$13,340,072

D.

Transferred to Finished Goods	$14,833,934
Total Ending Work in Process	$1,229,566
Total Cost Allocation	$16,863,500

E.

Transferred to Finished Goods	$12,831,574
Total Ending Work in Process	$8,029,903
Total Cost Allocation	$18,861,875