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		0 tons
Raw materials transferred to processing		25,000 tons
Work-in-process, 4/30/17 (75% converted)		5,000 tons
Cost data
Raw materials transferred to processing		$812,500
Conversion costs
Direct labor cost incurred		$59,375
Manufacturing overhead applied		?

Manufacturing overhead is applied at the rate of $6 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
Plus equivalent units in ending inventory
Equivalent units in process
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
Cost per equivalent unit in process
Accounting for total costs:
Transferred out
Ending work-in-process:
Materials
Conversion
Total cost accounted for