The final processing department in carols production

Reference no: EM13603586

The final processing department in Carol's production facility began the year with no work in process inventories. During the year, 340,000 units were transferred in from the prior processing department and 321,000 units were completed and sold. Costs transferred in from the prior department totaled $93,160,000. No materials are added in the final processing department. A total of $22,476,750 of conversion cost was incurred in the final processing department during the year.

Required: Jean Jackson estimated that the units in ending inventory in the final processing department were 25% complete with respect to the conversion costs of the final processing department. If this estimate of the percentage completion is used, what would be the cost of goods sold for the year?

Reference no: EM13603586

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