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