Question: THE Company operates a single processing department and uses a FIFO process costing system . The equivalent units for August were calculated as 88,620 for

THE Company operates a single processing department and uses a FIFO process costing system. The equivalent units for August were calculated as 88,620 for direct materials and 73,910 for conversion. THE Company's work in process at August 1 was: % complete % complete  units DM conversion work in process, Aug. 1 36,000 59% 25% The cost of beginning work in process and the costs added during August were as follows: DM Conversion work in process, Aug. 1 $ 44,310 $ 36,955 costs incurred during Aug. $372,204 $243,903 Calculate the total cost of the 36,000 units in the beginning work in process.

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