Surf Products Company uses an automated process to clean and polish its souvenir items. For March, 2010, the company had the following activities:
Beginning work in process, 30% complete 12,000 units
Started 90,000 units
Completed and transferred out 94,000 units
Ending work in process, 70% complete 8,000 units
Costs:
Beginning work in process:
Direct Materials $ 28,800
Conversion costs 5,220
Materials used during the period 216,000
Conversion costs incurred during the period 139,200
Instructions: Using the FIFO method, prepare a production cost report.