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Cost and management accounting Robert Ltd had computed the flow of units for Department A for the month of May as follows: Work in process, May 1:

Cost and management accounting


Robert Ltd had computed the flow of units for Department A for the month of May as follows:

Work in process, May 1: 

10,000

Started into production during May

 39,000

Units to be accounted for

 49,000

 

Beginning

Added during the

 

work in process

current month

Materials

$20,800

$ 97,500

Labour

5,200

34,920

Factory overhead

   4,800

   32,980

  Total

$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% complet as to direct labour and factory overhead costs and the work in process at May 31 was 60% complet as to direct labour and factory overhead costs.


What was the cost of the goods transferred out and in ending work in process using the FIFO method?

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