Question: Rexar had 2,000 units in beginning inventory before starting 9,500 units and completing 9,000 units. The beginning work in process inventory consisted of $5,000 in

Rexar had 2,000 units in beginning inventory before starting 9,500 units and completing 9,000 units. The beginning work in process inventory consisted of $5,000 in materials and $8,500 in conversion costs before $16,000 of materials and $18,900 of conversion costs were added during the month. The ending WIP inventory was 100% complete with regard to materials and 30% complete with regard to conversion costs.

Prepare the process costing worksheet.
What is the cost of ending work in process and the cost of goods transferred out?

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