Please complete table 3) Determine the cost to be transferred to Finished Goods Inventory. (Complete all answer boxes. Enter a "0" for any zero balances table using the following information and data table at bottom of page

A Company uses the FIFO method in its process costing system. The Finishing Department started the month with 600 units in process that were 10% complete, received 3,000 units from the Assembly Department, and transferred 3100 units to the finished goods storage area. All materials are added at the beginning of the process and conversion costs occur evenly. The units in process at the end of the month are 55% complete with respect to conversion costs. The department incurred the following costs:

3) Determine the cost to be transferred to Finished Goods Inventory. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: WIP = Work in Process.)

Belcher Company

Production Cost Report - Finishing Department (partial)

		Transferred	Direct	Conversion	Total
COSTS		In	Materials	Costs	Costs

Costs accounted for:
Total costs for beginning WIP
Transferred to finished goods

Data Table

	Beginning WIP	Added this month	Total
Transferred In	$6,960	$34,800	$41,760
Direct Materials	900	4,500	5,400
Conversion Costs	1,500	9,282	10,782
Total	$9,360	$48,582	$57,942