Department One of Bacon, Inc., provides the following limited data for May:

The ending inventory contains 600 units having 30 percent of material and 40 percent conversion cost. Due to a change in suppliers, material unit cost decreased $0.20 but the cheaper grade of material caused unit conversion cost to increase $0.40 from April.
Required:
Prepare a cost of production report for May using FIFO costing.

Transcribed Image Text:

Beginning inventory (1,500 units): Materials (10% stage of completion) Conversion cost (80% stage of completion) Units transferred $ 450 $1,800 9,000