Ralph Inc. manufactures a product that passes through two processes: Mixing and Packaging. All manufacturing costs are added uniformly in the Mixing Department (i.e., same completion percentage applied to direct materials and conversion costs). Information for the Mixing Department for October follows:
Work in process, October 1
Units (30% complete) 7,500
Direct Materials $2,000
Conversion Costs $2,100
During the month, 150,000 units were completed and transferred to Packaging. The following costs were incurred by the Mixing Department.
Direct Materials $25,000
Conversion Costs $25,500
There were 12,000 units that were 50 percent complete remaining in the Mixing Department at the end of October.
Determine the cost of ending work in process under weighted average method.