Process Costing Tempe Manufacturing Company makes a singleproduct that is produced on a continuous basis in one department.All materials are added at the beginning of production. The totalcost per equivalent unit in process in March 2009 was $4.60,consisting of $3.00 for materials and $1.60 for conversion. Duringthe month, 8,700 units of product were transferred to finishedgoods inventory; on March 31, 2,000 units were in process, 10percent converted. The company uses weighted average costing.
(a) Determine the cost of goods transferred to finished goodsinventory.
40,020
(b) Determine the cost of the ending work-in-processinventory.
(c) What was the total cost of the beginning work-in-processinventory plus the current manufacturing costs?
