Gilroy, Inc., produces key chains. The key chains are produced in two departments. LO3 

The data for Department 1 are as follows:

Beginning work in process =

Units started 43,000 Units transferred out 33,500 Raw materials cost $16,340 Direct labor cost $27,126 Overhead applied $63,294.

Materials are added at the beginning of the process. Ending inventory is 80 percent complete with respect to labor and overhead.

Required:

Prepare a production report for Department 1.