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.
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