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Fix RuV Computer Systems, Inc., manufactures chips. All direct materials are added at the inception...

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Accounting

Fix RuV Computer Systems, Inc., manufactures chips. All direct materials are added at the inception of
the production process. During January, the accounting department noted that there was no beginning
inventory. Direct materials of $195,500 were used during the month. Work-in-process records revealed
that 8,500 chips were started in January, 6,300 chips were complete, and 5,900 chips were spoiled as
expected. Ending work-in-process chips are complete'in respect to direct materials costs. Spoilage is not
detected until the process is complete.
What is the amount allocated to the work-in-process ending inventory?
$59,321.
$9,200
$75,240
$2,736
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