Acct344-All materials are added at the beginning of processing. Production and cost data for the…

Glass Company manufactures a product through a continuous single-step process.

All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows.

Production Data

Units

In process, beginning of month (20% converted)

2,000

Started during current month

8,000

Completed and transferred to finished goods

5,500

In process, end of month (60% converted)

2,500

Manufacturing Costs

Work in process, beginning

Materials

15,000

Conversion

6,450

21,450

Production Costs Added

Materials

54,000

Direct labor cost

105,000

Factory overhead cost

42,840

Required

Prepare a cost of production report for current month. Use FIFO process costing.