Cancun company uses a FIFO process costing method
November
physical units
beginning inventory 2,350
units started this period 10,120
units to be accounted for 12,470
beginning inventory 2,350
units started and completed 9,120
ending inventory 1,000
units accounted for 12,470
the following costs relate to work in process during November:
beginning inventory
direct materials $7,200
direct labor$380
overhead $630

current months costs
direct materials $51,612
direct labor $21,562
overhead $32,342
at the end of the last period, all direct materials had been added, and the units were 40 percent complete for conversion costs.
at the end of this period, all direct materials for the 1,000 units had been added and 70 percent of conversion costs had been incurred prepare a process report for November.