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Question - Department G had 3,925 units, one-third completed at the beginning of the period, 12,545 units were completed during the period, 1,566 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:
Work in process, beginning of period
$28,943
Costs added during period:
Direct materials
$124,992
Direct labor
$83,328
Factory overhead
$27,776
Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of 3,925 units of beginning inventory which were completed during the period?
$54,114
$22,229
What is the ending inventory balance and the cost of goods sold expense if the firm uses the weighted average cost method of inventory valuation
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