XYZ Company operates two departments, the assembly department and the finishing department. During June, the assembly department reported the following information:
units % complete DM % complete conversion
work in process, June 1 8,000 80% 60%
units started during June 20,000
work in process, June 30 13,000 70% 20%
The cost of beginning work in process and the costs added during June were as follows:
DM Conversion Total cost
work in process, June 1 $27,710 $ 28,480 $ 56,190
costs incurred during June 56,640 151,040 207,680
total costs 84,350 179,520 263,870
Calculate the total cost of the 8,000 units in beginning work in process using the FIFO process costing method. Do not use decimals in your answer.