Determine closing work in process inventory


Response to the following problem:

Nando Company uses the weighted-average method in its process costing system. Department J is the second of three sequential processes at the company. During October, Department J collected the following data:

                                Labor and Overhead Units    Percentage Complete Work in process,

October 1                                   9,900                               60%

Units started                              38,000

Completed and transferred           33,000

Work in process, October 31        14,900                            10%

                                             Costs for October      Transferred In Materials Labor and Overhead        Work in process,

October 1                                      $37,000                         $17,800                                                  $ 32,300

Added during the month                 $92,330                          $121,110                                               $381,580

All materials are added at the beginning of the process.

The total cost assigned to ending work in process inventory was?(Round your intermediate calculations to 2 decimal places.)

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Cost Accounting: Determine closing work in process inventory
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