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What is the cost of materials in work in process at april

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Reference no: EM132516637

Plemmon Company adds materials at the beginning of the process in the forming department, which is the first of two stages of its production cycle.

Information concerning the materials used in the forming department in April follows:

                                                          Materials

                                                               Units                                   Costs

Work in process at April 1                 15,000                       $ 8,000

Units started during April                     60,000                    $38,500

Units completed and transferred to next department

during April                                            65,000

Question 1: Using the FIFO method, what is the cost of materials in work in process at April 30 (round unit calculations to the nearest cent)?

Reference no: EM132516637

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