Question: A company which operates a process costing system had work in progress at the start of the month of 300 units (valued at $1,710) which
A company which operates a process costing system had work in progress at the start of the month of 300 units (valued at $1,710) which were 60% complete in respect of all costs. Last month a total of 2,000 units were completed and transfered to the finished good warehouse. The cost per equivalent unit for costs arising last month was $10. The company use FIFO method of cost allocation. What was the total value of the 2,000 units transfered to the finished goods warehouse last month
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