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

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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