Warsaw Inc. assembles its product in several departments. Warsaw
has two departments, Cutting and Finishing, that processes all
units. Product is processed in Cutting, transferred to Finishing,
and once complete, is transferred to finished goods.
Information for the month of October is as follows:
Beginning Work in Process Inventory for Cutting is $15,000
($12,000 for materials and $3,000 for conversion costs)
Beginning Work in Process Inventory for Finishing contains
$16,000 for transferred-in costs, $40,000 for the first material,
and $20,000...