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:

0 tons 35,000 tons 5,000 tons Work-in-process, 4/1 Raw materials transferred to processing Work-in-process, 4/30 (60% converted) Cost data Raw materials transferred to processing Conversion costs Direct labor cost incurred Manufacturing overhead applied $440,000 $95,000 ? 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: Materials Conversion Total Units completed 30,000 x 0 x Plus equivalent units in ending inventory 5,000 OX Equivalent units in process 35,000 x 0 x Total cost to accounted for and cost per equivalent unit in process: Beginning work-in-process $ 0 $ 0$ 0 Current costs 440,000 495,000 x 935,000 X Total cost in process $ 440,000 $ 495,000 X $ 935,000 * Equivalent units in process Cost per equivalent unit in process $ 12.57 $ 15 * $ 27.57 X Accounting for total costs: Transferred out $ 964,950 x Ending work-in-process: Materials 62,850 x Conversion 56,250 X 119,100 X