In: Accounting
Galaxy Manufacturing uses a weighted-average process costing system. All matierals are introduced at the start of manufacturing, and conversion costs are incurred evenly throughout the process. The comapny's beginning and ending work-in-process inventories totaled 25,000 units and 28,000 units, respectively, with the latter being 70% complete at the end of the period. Galaxy started 45,000 units into the production and completed 42,000 units. Manufacturing costs follow:
Beginning work-in process:
Materials: $60,000
Coversion Cost: $165,000
Current costs:
Materials: $175,000
Conversion Cost: $395,000
Galaxy TOTAL costs in Ending work-in process is?