2) Shining Star Company uses an automated process to clean and polish its souvenir items. For March, the company had the following activities:

Beginning work in process inventory	3,000 items, 1/3 complete with regards to conversion costs
Units placed in production	12,000 units
Units completed	9,000 units
Ending work in process inventory	6,000 items, 2/5 complete with regards to conversion costs
Cost of beginning work in process	$2,500
Direct material costs, current	$9,000
Conversion costs, current	$8,320

Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.

Required: Prepare a production cost worksheet using the FIFO method.