Fairfax Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process.
Direct materials are added at the beginning of the process. During September the company transferred 735000 units of product to finished
goods. At the end of September the goods in process inventory consists of 207000 units that are 90% complete with respect to labor. Beginning
inventory had $244920 of direct materials and $69098 of direct labor cost. The direct labor cost added in September is $1312852 and the
direct materials cost added is $1639080.
Compute both direct labor cost and direct materials cost assigned to units completed and transferred out
Compute both direct labor cost and direct materials cost assigned to ending goods in process inventory