Petro Pure Corporation manufactures chemical additives for industrial applications. As the new cost accountant, you have been assigned the task of completing the production cost report for the most recent period. The company uses the FIFO method of process costing. The following information is for the most recent period:

Instructions
Prepare a complete production report for the period using the FIFO method. (Round the cost per equivalent unit to three decimal places; round the costs in the cost report to the nearest dollar.)

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Production Data-Units Beginning WIP inventory (75% complete in terms of materials; 18,000 70% complete in terms of conversion costs) Units started into production this period Units completed and transferred out Ending WIP inventory (60% complete in terms of materials 27,000 33,000 12,000 50% complete in terms of conversion costs) Cost Data Beginning inventory: Materials Conversion costs $32,000 64,000 Current period: Materials Conversion costs 252,000 440,000