Kimbeth Manufacturing uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November.
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Units |
|
|
| Work-in-process, November 1st |
33,600 |
| Started in production during November |
210,000 |
| Work-in-process, November 30th |
50,400 |
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The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete as to materials and 40% complete as to conversion costs.
Costs pertaining to November are as follows:
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Beginning inventory: direct materials, $156,980; direct labor, $58,700; manufacturing overhead, $44,361.
Costs incurred during the month: direct materials, $1,365,000; direct labor, $532,350; manufacturing overhead, $1,132,950.
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What are the total costs in the ending Work-in-Process Inventory assuming Kimbeth uses first-in, first-out (FIFO) process costing? (Do not round your intermediate calculations. Round your final answer to the nearest whole number.)