For work done during August, Footprints Company incurred direct materials costs of $104,000 and conversion costs of $260,000. The company employs a just-in-time operating philosophy and backflush costing. At the end of August, it was determined that the Work in Process Inventory account had been assigned $1,080 of costs, and the ending balance of the Finished Goods Inventory account was $1,220
There were no beginning inventory balances. Using the information provided for Footprints Company, what is the cost of completed units for August?
A) $104,000
B) $260,000
C) $361,700
D) $362,920
D
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