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Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no work-in-process inventory. It started production of 41,000 gallons of syrup in November and completed production of 38,000 gallons. The costs of the resources used by Joplin in November consist of the following: Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 89,100 Conversion costs (labor and overhead). . . . 110,820 Required The production supervisor estimates that the ending work in process is 40 percent complete on November 30. Compute the cost of syrup completed and the cost of the syrup in work-in process ending inventory as of November 30.
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