ginning work in process in the finishing department was 75% complete as to conversion. Direct materials are added at the end of the process. Beginning inventories included $16,000 for transferred-in costs and $20,000 for conversion costs. Ending inventory was 25% complete. Additional information about the two departments follows: Finishing 20,000 Beginning work-in-process units Units started this period Units transferred this period 50,000 20,000 Ending work-in-process units Material costs added $28,000 Direct manufacturing labor $40,000 Other conversion costs $24,000 Required: Prepare a production cost worksheet using weighted-average for the FIFO for the finishing department.
