Badgersize Company has the following information for its Forming Department for the month of August:

Work in Process Inventory, August 1: 20,000 units
Direct materials: 100% complete	$ 80,000
Conversion: 20% complete	24,000
Balance in work in process, August 1	$ 104,000
Units started during August	50,000
Units completed and transferred in August	60,000
Work in process (70% complete), August 31	?
Costs charged to Work in Process in August
Direct materials	$ 150,000
Conversion costs:
Direct labor	$ 120,000
Overhead applied	132,000
Total conversion	$ 252,000

Assume materials are added at the start of processing.

Required:

1. Complete a production cost report for the Badgersize Company Forming Department for the month of August.

\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ BADGERSIZE COMPANY } \\ \hline \multicolumn{4}{|c|}{ Production Cost Report } \\ \hline \multicolumn{4}{|c|}{ For the month of August } \\ \hline Part I. Physical Flow & Total Units & & \\ \hline \multicolumn{4}{|l|}{ Inputs: } \\ \hline - Beginning WIP & 20,000 & & \\ \hline - Started & 50,000 & & \\ \hline Units to account for: & 70,000 & & \\ \hline \multicolumn{4}{|l|}{ Outputs: } \\ \hline \multicolumn{4}{|l|}{ - Units completed } \\ \hline \multicolumn{4}{|l|}{ - Ending WIP } \\ \hline Units accounted for: & 0 & & \\ \hline Part II. Equivalent Units Consumed & & Direct Materials & Conversion \\ \hline \multicolumn{4}{|l|}{ Based on monthly input: } \\ \hline \multicolumn{4}{|l|}{ - Finish Beginning WIP } \\ \hline \multicolumn{4}{|l|}{ - Start new units } \\ \hline Equivalent units of input & & 0 & 0 \\ \hline \multicolumn{4}{|l|}{ Based on monthly output: } \\ \hline \multicolumn{4}{|l|}{ - Transferred units } \\ \hline \multicolumn{4}{|l|}{ - Ending WIP units } \\ \hline Equivalent units of output & & 0 & 0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Equivalent units of output & & 0 & 0 \\ \hline Part III. Cost Per Equivalent Unit & Total Unit Cost & Direct Materials & Conversion \\ \hline \multicolumn{4}{|l|}{ Input costs in August } \\ \hline \multicolumn{4}{|l|}{ Equivalent units, August } \\ \hline Costs per equivalent unit, August & 0.00 & 0 & 0 \\ \hline Part IV. Total Cost Assignment & Total Costs & Direct Materials & Conversion \\ \hline \multicolumn{4}{|l|}{ Costs to account for: } \\ \hline \multicolumn{4}{|l|}{ - Cost of beginning WIP } \\ \hline \multicolumn{4}{|l|}{ - Cost added during the period } \\ \hline Total cost to account for & $ & & \\ \hline \multicolumn{4}{|l|}{ Costs accounted for: } \\ \hline \multicolumn{4}{|l|}{ - Cost of goods transferred } \\ \hline \multicolumn{4}{|l|}{ Beginning WIP, August 1} \\ \hline \multicolumn{4}{|l|}{ To finish Beginning WIP } \\ \hline \multicolumn{4}{|l|}{ Units started and completed } \\ \hline Total cost transferred & $ & $ & $ \\ \hline \multicolumn{4}{|l|}{ - Add ending WIP } \\ \hline Total cost accounted for & $ & $ & $ \\ \hline \end{tabular}