Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 73,000 chairs. During the month, the firm completed 78,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 40% complete as to conversion costs, while ending work in process was 70% complete as to conversion costs.

Beginning inventory:

Direct materials $24,000

Conversion costs $35,000

Manufacturing costs added during the accounting period:

Direct materials $168,000

Conversion costs $278,000

prepare a FIFO-method processing-costing report.