The polishing department of Lacroix Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory of 2,500 units that are 100% complete in terms of materials and 30% complete in terms of conversion costs; units started during the period are 12,000; ending inventory of 3,000 units 10% complete in terms of conversion costs. Manufacturing costs: Beginning inventory costs, comprising $25,000 of materials and $28,080 of conversion costs; materials costs added in polishing during the month, $120,725; labour and overhead applied in polishing during the month, $100,020 and $300,240, respectively.
Instructions
Determine the costs to be assigned to the units transferred out and in process.