Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor,...

Using average costing, compute for the ending balance of work in process that will be included in the statement of financial position if the losses were discovered at the end of process and were considered abnormal.

Extracted text: Malleynila Company manufactures a single product in two process departments. Costs and production data to the month of November follows: COSTS ASSEMBLY FINISHING Wip, beg (50% materials, 30% labor, 20% overhead) 9,750.00 18,000.00 Materials 64,000.00 Labor 47,250.00 85,800.00 Factory overhead 31,500.00 47,200.00 QUANTITY Wip, beg 1/2 complete Started in process 3,000.00 4,000.00 33,000.00 Completed and transferred Wip, end 40% to complete 30,000.00 25,000.00 5,000.00 6,000.00