Bhatti Company produces plastic photo frames. Two departments, molding and finishing, are involved in the manufacturing. The

molding department fills the molds with hot liquid plastic that is left to cool and then opens them. The finishing department removes

the plastic frame from the mold and strips the edges of the frames of extra plastic.

The following information is available for the month of January:

The WIP Inventory in the finishing department is estimated to be $40\%$ complete for conversion both at the beginning and end of

January. Costs of production for January follow:

The molding department started $50,000$ pounds of product in January. The firm uses the FIFO method of process costing.

Requlred

Prepare a production cost report for the molding department.

$2$ Prepare a production cost report for the finishing department.

Complete this question by entering your answers in the tabs below.

Prepare a production cost report for the molding department. $($Round "Cost per EU$"$ answers to $2$ decimal places. Negative amounts should be

indicated by minus sign.$)$