The Poolside Company uses a FIFO process costing system. The following data are available: Beginning inventory 1,000 units (100% complete as to materials and 50% complete as to labor and overhead)Units started in production 19,000; Units finished during the period 16,000; Units in process at the end of the period (100% complete as to materials and 25% complete as to labor and overhead) 4,000; Costs in beginning inventory were materials of $1,500 and Labor and overhead costs \$1,000 ; Cost added during the period were $35,200 for materials and Labor and overhead costs of $37,400. What is the FIFO value of labor and overhead transferred out of ending Work in Process Inventory for the period? (Round to the nearest $1.00.)
The Poolside Company uses a FIFO
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