Texas Company Manufactures a Product Through a Process Where All

Essay

Texas Company manufactures a product through a process where all manufacturing costs are added uniformly. Information for October beginning work-in-process follows.
Costs incurred during October:
During October, 50,000 units were completed. Also, 5,000 units that were 50 percent complete remained in process at the end of the day on October 31.
Calculate the cost of goods completed and the cost assigned to ending inventory.