Department B of the Bishop Company applies materials costs as follows:

10% on the first day of the process 15% during the next three days

35% on the fifth day

40% during the last four days

The processing period of this department covers ten (10) days and applies conversion costs uniformly. The production data of the current year, showed the following:

March February Unit cost of transfer from Dept. A 0.90 1.00 Unit cost in Department B

Materials 0.08 0.10

Labor and Overhead 0.12 0.15

In process, March 1 12,000 units

Stage of completion 40%

Received from Department A in March 50,000 units

Completed and transferred to storeroom 40,000 units

In process, March 31 ?????

Stage of completion 60%

Requirements: Prepare a cost of production report for Department B for the month of March.