Consider the cooking department of Middleton Foods, a British food-processing company. Compute the cost of work completed and the cost of the ending inventory of work in process using the weighted-average method.

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Units Beginning work in process: 5,000 units; 100% completed for materials, 40% completed for conversion costs Started during month: 28,000 units Completed during month: 31,000 units Ending work in process: 2,000 units; 100% completed for materials, 50% for conversion costs Costs Beginning work in process Direct materials Conversion costs Direct materials added in current month Conversion costs added in current month Total costs to account for £8,060 1,300 £ 9,360 41,440 14,700 £65,500