The cleaning division of Clark Corn Company had the following data for January:

Required:
1. Using the FIFO cost flow method, compute the per-ton cost of corn processed by the cleaning division in this period (all materials are in place at the beginning of the process).
2. Compute the cost of the 39,900 tons of corn that were started and completed during January.
3. Compute the cost of the ending work-in-processinventory.

Transcribed Image Text:

Percentage Direct Conversion Completed Materials Costs Tons Costs Beginning work-in-process inventory. Units started in production. Costs added this month. Ending work-in-process inventory. Units completed during month and transferred to packing 75% $ 2,000 S 15,250 800 41,100 904,200 182,340 1,200 35% 40,700