Mandarin Manufacturing Company uses a process cost system with FIFO method of costing to account for cost. Units of product are started in the Forming Dept. and then transferred to the Finishing...

The total costs of goods allocated to units transferred out is?

Extracted text: Mandarin Manufacturing Company uses a process cost system with FIFO method of costing to account for cost. Units of product are started in the Forming Dept. and then transferred to the Finishing Department where they are completed. Units are inspected at the end of the production process (discrete) in the Forming Department and an average of 5% of units started is considered normal loss. Data related to April in the Forming Dept. are: UNITS: Units in beginning inventory, 100% M, 35%CC Units started in process Units transferred to next department Units in process end, 100% M, 65% 10,000 90,000 80,000 15,000 COSTS: Costs- prior period Costs this period P12,600 Materials P360,000 Labor 7,700 111,390 Overhead 14,000 222,780