The Following Data Has Been Provided by Radiotronics Inc Required:
Determine the Cost of Ending Work-In-Process Inventory and the Company

The following data has been provided by Radiotronics Inc. ,a company that uses the FIFO method in its process costing system.The data concern the company's Wiring Department for the month of March. $$\begin{array} { | l | r | } \hline \text { Cost in beginning work-in-process inventory } & \$ 2,260 \\\hline \text { Units started and completed this month } & 4,660 \\\hline\end{array}$$


Required:
Determine the cost of ending work-in-process inventory and the cost of the units transferred out of the department during March using the FIFO method.

Correct Answer:

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