CS$-1$ Information provided:

Diana Company uses process costing to accumulate costs. There is no beginning inventory. The finishing department of Diana Company had the following production results for the month of February:

Number of standard chairs produced during the month of February

Direct materials cost incurred

Direct labor hours paid

Direct labor hourly rate

Manufacturing overhead as a percentage of direct labor cost

$50,000$

$18,000$

$2,700$

$12\mathrm{.}00$

$150\%$

Clipboard

Font

Alignment

$\mathrm{.}00$

Numbe

Part b$)$ Prepare a cost of production report using the following information.

Units completed and transferred out

Units left in ending inventory

Conversion costs completed

$35,000$

$15,000$

$75\%$

Direct materials are completed at the beginning of the manufacturing process.