Cost of Production Report: No Beginning Inventories Howell Paving Company manufactures asphalt paving materials for highway construction through a one-step process in which all materials are added at the beginning of the process. During April 2017, the company accumulated the following data in its process costing system Production data Work-in-process, 4/1/17 Raw materials transferred to processing Work-in-process, 4/30/17 (75% converted) 0 tons 25,000 tons 5,000 tons Cost data Raw materials transferred to processing $975,000 Conversion costs Direct labor cost incurred $71,250 Manufacturing overhead applied Manufacturing overhead is applied at the rate of $6 per equivalent unit (ton) processed