/ntroductory Process Costing: Materials Introduced at Start of Process A certain process incurred $40,000 of production costs during a month. Materials costing

$22,000 were introduced at the start of processing, while conversion costs of

$18,000 were incurred at a uniform rate throughout the production cycle. Of the 40,000 units of product started, 38,000 were completed and 2,000 were still in process at the end of the month, averaging one-half complete.

In step-by-step fashion, prepare a production-cost report showing cost of goods completed and cost of ending work in process.  l-01