A B C D E F GHI J K L M N Directions The following data reports on the July production activities of the Molding department at Hickory Company. Prepare the Cost of Production Report using the FIFO method. Beginning work in proces Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Direct Materials Conversion Units Percent Complete Percent Complete $18,550 2,280 $ 20,830 357,500 Beginning work in process inventory 2,000 Units started this period Completed and transferred out Ending work in process inventory 100% 20% 32,500 32,000 2,500 100% 60% 188,670 546,170 $ 567,000 * Follow the steps in your textbook (Chapter 20) and utilize Exhibit 8