A department begins the month with 100 units at a cost of $7,500 and 25% complete in work in…

A department begins the month with 100 units at a cost of $7,500 and 25% complete in work in…

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A department begins the month with 100 units at a cost of $7,500 and 25% complete in work in process. An additional 1,000 units are started
during the month and additional costs incurred are $12,500. At the end of the month, there are 200 units still in process which are 50% complete.
Using FIFO, the ending balance in Work in Process Inventory is $
(rounded to nearest dollar).
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Expert Answer:

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To calculate the ending balance in Work in Process WIP inventory using the FIFO method we need to first calculate the equivalent units of production f
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