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, the company accumulated the following data in its process costing system: Production data Work-in-process, 4/1 0 tons Raw materials transferred to processing 35,000 tons Work-in-process, 4/30 (60% converted) 5,000 tons Cost data Raw materials transferred to processing Conversion costs $440,000 Direct labor cost incurred $95,000 ? Manufacturing overhead applied Manufacturing overhead is applied at the rate of $15 per equivalent unit (ton) processed. Prepare a cost of production report for April. Howell Paving Company Cost of Production Report For the Month Ending April 30 Equivalent units in process: Units completed 20000 Materials Conversion 20000 Total Plus equivalent units in ending inventory 5000 3750 Equivalent units in process 25000 23750 Total cost to accounted for and cost per equivalent unit in process: Beginning work-in-process $ 812500 $ 201 $ Current costs 812500 Total cost in process $ 25000 $ $ Equivalent units in process 32 Cost per equivalent unit in process $ 3250 $ $ Accounting for total costs: Transferred out $ Ending work-in-process: Materials Conversion Total cost accounted for $