question archive Comfort chair company manufacturers a standard recliner

Comfort chair company manufacturers a standard recliner

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Comfort chair company manufacturers a standard recliner. During? February, the? firm's Assembly Department started production of? 73,700 chairs. During the? month, the firm completed? 78,500 chairs, and transferred them to the Finishing Department. The firm ended the month with? 11,200 chairs in ending inventory. There were? 16,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was? 20% as to conversion? costs, while ending work in process was? 80% as to conversion costs.

Beginning inventory?:

Direct materials

?$24,800

Conversion costs

?$35,900

Manufacturing costs added during the accounting period

Direct materials

?$168,200

Conversion costs

?$278,400

What is the amount of direct materials cost assigned to ending? work-in-process inventory at the end of? February? ?(Round intermediary calculations to the nearest? cent.)

A.

?$27,200

B.

?$28,800

C.

?$25,536

D.

?$21,760

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