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 ca Work in process, 4/1/17 Raw materials transferred to processing Work-in-process, 4/30/17 (75% converted) Cost data tans 25,000 tons 5.000 tons Raw materials transferred to processing Conversion cas $812,500 Direct labor cost incurred Manufacturing overhead applied $59,375 ? Manufacturing overhead is applied at the rate of $5 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, 2017 Equivalent units in process: Materials Conversion Total Units completed 20,000 Plus equivalent units in ending inventory Equivalent units in process 5,000 20,000 3.750 25,000 78,750 x Total cost to accounted for and cost per equivalent unit in process: Beginning work-in-process $ Current costs Total cost in process $ Equivalent units in process 0 $ 812,500 817,500 $ 25,000 0 $ 0 201,875 701,375 $ 0 x 0 x 23,750 Cost per equivalent unit in process $ 32.5 $ 9.5 5 0x Accounting for total costs: Transferred out $ 0 % Ending work-in-process: Materials Conversion Total cost accounted for 0 x 0x 3