A department begins the month with 100 units at a cost of $7,500 and 25% complete in goods in process. An additional 1,000 units are started during the month and additional costs incurred are $12,500. At the end of the month, there are 200 units still in process which are 50% complete. Using FIFO, the ending balance in Work in Process Inventory is $ . Do not round intermediate calculations. Round final answer to the nearest dollar.

Respuesta :

Answer:

Closing work in progress using FIFO is $1,282.

Explanation:

Working are attached:

Ver imagen Capricious23

Answer:1163

Explanation:FIFO

1000units +(100x75%)= 1075 units

$12500/1075=11.63 EPU

11.63x (200x50%)= $1163