The Berry Phoenix BrickWorks, in Saskatoon, Saskatchewan, manufactures high-quality bricks used in residential and commercial construction. The firm is small but highly automated and typically produces about 300,000 bricks per month. A brick is created in a continuous production operation. In the initial step, the raw material (a mixture of soils and water) is forced into a mould moving along a conveyor belt. No other materials are required. Each brick takes about three days to complete. Approximately the last 36 hours on the conveyor belt are spent in an oven that removes moisture from the product. The belt speed is monitored and controlled by computer. The firm uses a process costing system based on actual costs in three cost pools—direct materials, direct labour, and factory overhead—to assign production costs to output.

Here are cost and production data for May: Beginning work-in-process inventory 25,000 bricks 100% complete to direct materials 60% complete to direct labour 36% complete to factory overhead

Started this period 305,000 bricks

Ending work-in-process inventory 30,000 bricks 100% complete to direct materials 50% complete to direct labor 40% complete to factory overhead Costs Direct Labour Overhead

Costs Direct Labor Overhead

Beginning inventory 1,330 $835 552

Costs added in May 16,200 15,000 18,180

Required:

Determine the cost of bricks transferred to finished goods inventory and the cost of bricks in ending work-in-process inventory for May. Assume the company uses the FIFO method of process costing.