Question

SHOW ALL WORK. The Roberto Company had computed the flow of units for Department A for the month of May as follows:

10,000

39,000

49,000

Beginning

Added during the

work in process

current month

$20,800

$ 97,500

5,200

34,920

    4,800

    32,980

$30,800

$165,400

Materials are added at the beginning of the process. There were 8,000 units of work in process at

May 31. The work in process at May 1 was 70 percent complete as to direct labor and factory overhead costs and the work in process at May 31 was 60 percent complete as to direct labor and factory overhead costs. What was the cost of the goods transferred out and in ending work in process using the FIFO method?

Work in process, May 1:

10,000

   Started into production during May

39,000

   Units to be accounted for

49,000

 

 

 



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