Bristol Beverages Inc. uses the FIFO cost method and adds all materials, labor, and factory overhead evenly to production. A record of the factory operations for October follows:

Production Summary Units

Work in process, beginning of month, one-fourth completed . .. 5,000

Started in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,000

Finished and transferred to stockroom . . . . . . . . . . . . . . . . . . . 11,000

Work in process, end of month, three-fourths completed . . . . . 7,000

Cost Summary

Work in process, beginning of month . . . . . . . . . . . . . . . . . $10,000

Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000

Labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000

Factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000

Required:

Prepare a cost of production summary for the month.