Question: Company C uses the Process Costing system. The data regarding Company C are given below: November data Forming Section Placement Section Units: Starting Work in

Company C uses the Process Costing system. The data regarding Company C are given below:

November dataForming SectionPlacement Section
Units:
Starting Work in Progress----------------------25,000 units
production started60,000 units
Transfer from Previous Department---------------------?
Completed Goods Inv.50,000 units60,000 units
Expired WIP Invoice10,000 units15,000 units
As Mandatory Direct Material%80%50
As for the Mandatory Convers. Work%50%60
Costs:
Starting Work in Progress---------------------$112,500
Transferred from Previous Section---------------------?
Direct Ingredients Added145.000 $135.000 $
Conversion Costs Added110.000 $$103,500

Calculate WIP Inventory Forming, WIP Inventory Addition and Finished Goods Inventory.

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