Directions The following data reports on the luly production activities of the Molding department at Hickory Company. Prepare the cost of Production Report using the FIFO method. Direct Materials Percent Complete Conversion Percent Complete Units 100% 205 7 Beginning work in proces & Direct materials $ 18,550 9 Conversion 2,280 $ 20,830 Beginning work in process inventory 10 Units started this period 11 Costs added this period Completed and transferred out 12 Direct materials 357,500 Ending work in process inventory 13 Conversion 188,670 546,170 14 Total costs to account for 15 16 17 Follow the steps in your textbook (Chapter 20) and utilize Exhibit 8 2,000 32.500 32.000 2,500 100% 605 Cost of Production Report Directions and Data TU Acc Groute 90 Type here to search All SSF Ferenc Mailings Review View Help Iidory Company - Molding Department Cost al Production Report HFO Method For Month Ended fuly 31 UNIS Whole hits Equivalent hits Direct Mars Con Union for Beginning work in process Units started this period Total units to account for Units to be assigned costs Beginning work in process hits started and completed Ending work in process Total units accounted for Direct Materials Costa Convention Tora! COSTS Castper equivalend unit Costs added this period + Equivalent units of production Cost per equivalent unit of production Costs assed to production Beginning work in process Costs added this period Total costs accounted forby the Molding dept Costcated to come and partially completedunits Bening work in process To complete workingroce Costro completadly work in procen Sorted and completed in July Transferredoutin july Inwtory in process, Wuly 31 Total cost accountador o 55