The XYZ Corp. uses a process cost system. Since the beginning of the operation, it has used weighted average costing to account for beginning work-in-process inventory.

The cost of production report for March for Department 182 appears on page 321.

Management is contemplating switching to the fifo costing method.

Required: mlop85 Prepare the cost of production report for March for Department 182 assuming that fifo was being used.

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QUANTITIES Beginning units in process (70% complete as to conversion costs) Units received from preceding department Units added to production Units transferred to finished goods inventory Ending units in process 4,300 21,700 4,000 30,000 23,600 6,400 30.000 EQUIVALENT PRODUCTION Direct materials Conversion costs Transferred to finished goods inventory 23,600 23,600 Ending units in process 0 3,200+ Total 23,600 26.800