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A firm that uses weighted average process costing has 400 units in Beginning Inventory that are...

  1. A firm that uses weighted average process costing has 400 units in Beginning Inventory that are 80% complete. During the period, an additional 8000 units are started. 600 units are left in Ending Inventory at the end of the period, which are 80% complete. Beginning Inventory has $11,080 allocated to it, and current costs are $80,000. All inputs are added simultaneously.

Required: Calculate the costs allocated to Finished Goods and Ending Inventory.

  1. FINISHED GOODS(5 pts.)::                  ___________________

  1. ENDING INVENTORY(5 pts.):___________________
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