The Polishing Department of Burgoa Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process.
Production: Beginning inventory 1,900 units that are 100% complete as to materials and 42% complete as to conversion costs; units started during the period are 16,000; ending inventory of 7,400 units 18% complete as to conversion costs.
Manufacturing costs: Beginning inventory costs, comprised of $21,520 of materials and $40,940 of conversion costs; materials costs added in Polishing during the month, $134,210; labor and overhead applied in Polishing during the month, $101,230 and $129,966, respectively.