The Nesting Company manufactures birdhouses in a single manufacturing process. The following information has been provided by Nesting Company:
The beginning units still in process are 100% complete with respect to direct materials and 75% complete with respect to conversion costs and had $4,800 of materials costs and $4,275 of conversion costs. The ending work in process was 100% complete with respect to direct materials and 35% complete with respect to conversion costs.
-Assuming the FIFO method was used, the Work in process account's balance on Dec. 31 would be:

Question

The Nesting Company manufactures birdhouses in a single manufacturing process. The following information has been provided by Nesting Company:
 The beginning units still in process are 100% complete with respect to direct materials and 75% complete with respect to conversion costs and had $4,800 of materials costs and $4,275 of conversion costs. The ending work in process was 100% complete with respect to direct materials and 35% complete with respect to conversion costs. 
-Assuming the FIFO method was used, the Work in process account's balance on Dec. 31 would be:

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The Answer of The Nesting Company manufactures birdhouses in a single manufacturing process. The following information has been provided by Nesting Company:
 The beginning units still in process are 100% complete with respect to direct materials and 75% complete with respect to conversion costs and had $4,800 of materials costs and $4,275 of conversion costs. The ending work in process was 100% complete with respect to direct materials and 35% complete with respect to conversion costs. 
-Assuming the FIFO method was used, the Work in process account's balance on Dec. 31 would be:

The Nesting Company Manufactures Birdhouses in a Single Manufacturing Process