59

Information about units processed and processing costs incurred during a recent month in the Blending Department of a manufacturing company follow: Number of Percent Completion Units Conversion Costs Beginning work in process inventory 11,000 35% Units started into production 120,000 Units completed and transferred out 114,000 Ending work in process inventory 17,000 30% The beginning work in process inventory included $11,000 of conversion cost and $ 12,000 in material costs. During the month, the Department incurred an additional $290,000 in conversion costs and $143,000 in material costs. All materials are added at the beginning of production in each department. Assuming that the company uses the weighted-average cost method, what is the total value of the ending work in process inventory in the Blending Department? $12,903 $63,070 $20,060 $32,963