The Stewart Company had computed the flow of units for Department 123 for the month of July as follows:

\begin{array}{ll}\text { Work in process, July 1: } & 10,000 \\\text { Started into production during July } & 39,000 \\\text { Units to be accounted for } & 49,000\end{array}

Materials are added at the beginning of the process.There were 8,000 units of work in process at July 31.The work in process at July 1 was 70% complete as to direct labour and factory overhead costs,and the work in process at July 31 was 60% complete as to direct labour and factory overhead costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method?
$The Stewart Company had computed the flow of units for Department 123 for the month of July as follows: \begin{array}{ll} \text { Work in process, July 1: } & 10,000 \\ \text { Started into production during July } & 39,000 \\ \text { Units to be accounted for } & 49,000 \end{array} Materials are added at the beginning of the process.There were 8,000 units of work in process at July 31.The work in process at July 1 was 70% complete as to direct labour and factory overhead costs,and the work in process at July 31 was 60% complete as to direct labour and factory overhead costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method?$

Beginning Inventory for the Month Contained 3,000 Units That Were

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