Cost of Production Report; Second Department; Average Costing. Ramirez Corporation manufactures a product in two departments, Cutting and Assembly. The product is cut out of wood in the Cutting Department and then transferred to the Assembly Department, where it is assembled along with component parts pur¬ chased from outside vendors. Since only one product is manufactured by the company, a process cost system is used. The company uses the average cost flow assumption to account for its work in process inventories. During Febaiary, 2,100 units were received from the Cutting Department, and 2,000 units were transferred out of the Assembly Department to Finished Goods. At the end of the last business day in February, there were 500 units in ending inventory in the Assembly Department, 80% complete as to materials and 60% complete as to conversion cost. Cost data related to February operations in the Assembly Department are: LO3 Beginning Added Inventory This Period Costs charged to the department:

Costs from the preceding department.

. $12,590

$67,410 Materials.

. 4,000 21,200 Directlabor.

. 1,200 17,660 Factoryoverhead.

. 2,400 35,320 Required: Prepare a February cost of production report for the Assembly Department.