Question 4 (14 Marks)

Johnstone Brewers Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month:

Work in process. beginning: Units in process 300 Stage of completion with respect to materials 60% Stage of completion 1with respect to conversion 30% Costs in the beginning inventory: Hamish cost 3594 Conversion cost $3,256 Units started into production during the month 26.000 Units completed and transferred out 25.500 Costs added to production during the month: Materials cost $79,732 Conversion cost $887,626 Work in process, ending: Units in process 80C Stage of completion with respect to materials 50% Stage of completion with respect to conversion 40%