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Cullumber Company has the following production data for March 2022: no beginning work in process, units started and completed 31,800, and ending work in process

Cullumber Company has the following production data for March 2022: no beginning work in process, units started and completed 31,800, and ending work in process 5,300 units that are 100% complete for materials and 40% complete for conversion costs. Cullumber uses the FIFO method to compute equivalent units. If unit materials cost is $ 8 and unit conversion cost is $ 12. The total costs to be assigned are $ 703,840. prepare the costs accounted for section of the production cost report for Cullumber Company using the FIFO method.

CULLUMBER COMPANY (Partial) Production Cost Report For the Month Ended March 31, 2022

Materials

Conversion Costs

Total

Unit costs

Total costs

$ enter a dollar amount

$ enter a dollar amount

$ enter a dollar amount

Equivalent units

enter a number of units enter a number of units

Unit costs

$ enter a dollar amount

$ enter a dollar amount

$ enter a dollar amount

Costs to be accounted for

In process, March 1

$ enter a dollar amount

Started into production

enter a dollar amount

Total costs

$ enter a total amount

Costs accounted for

Transferred out

In process, March 1

$ enter a dollar amount

Started and completed

enter a dollar amount

In process, March 31

Materials

$ enter a dollar amount

Conversion costs

enter a dollar amount enter a subtotal of the two previous amounts

Total costs

$

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