Oregon Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October, the first month of operations for the company's new Portland plant, follow: Units of product started in process during October 90,000 tons Units completed and transferred to finished goods 75,000 tons Machine hours operated Direct materials costs incurred Direct labor costs incurred 10,000 $468,000 $187,140 Raw materials are added at the beginning of the process for each unit of product produced, and labor and manufacturing overhead are added evenly throughout the manufacturing process. Manufacturing overhead is applied to Work-in-Process at the rate of $24 per machine hour. Units in process at the end of the period were 65 percent converted. Prepare a cost of production report for Oregon Paper Company for October. Round answers to the nearest whole number unless otherwise noted. Do not use negative signs with your answers. Summary of units in process (tons): Beginning Units started In process Completed Ending Equivalent units in process: Units completed Plus equivalent units in ending inventory Equivalent units in process Oregon Paper Company Cost of Production Report For the Month Ending October 31 Total cost to be accounted for and cost per equivalent unit in process: Beginning work-in-process 0 90,000 90,000 75,000 15,000 Materials Conversion Total 75,000 75,000 15,000 90,000 9,750 84,750 $ Current costs Total cost in process $ Equivalent units in process 0 $ 0 % 174,750 x $ 0 0 $ 0 % 0 174,750 x $ 0 % 174,750 x 0 % Cost per equivalent unit in process (Do not round answers.) $ 5.52 x $ 6.05 * $ 0 % Accounting for total costs: Transferred out $ 0 % Ending work-in-process: Materials Conversion Total cost accounted for $ 0 % 0 x $ 0 x 895,140