During 2015, Anywhere, Inc. (AI), incurred the following product costs.

Raw materials	$	92,000
Labor		116,936
Overhead		73,000

Recall that the 2014 ending balance in the Work in Process (WIP) account was $41,000. Accordingly, this is the beginning WIP balance for 2015. There were 160 units of product in beginning WIP inventory. AI started 2,080 units of product during 2015. Ending WIP inventory consisted of 145 units that were 60 percent complete.

Required

Prepare a cost of production report by filling the missing data.

Equivalent Unit Computations Equivalent Units Complete Units 160 Beginning inventory 2,080 Units started Total units available for completion (145) Units in ending inventory 2,095 100 Units complete 2,182 Total equivalent units Cost per Equivalent Unit Cost Units Cost per Unit 41,000 Beginning inventory Raw materials Labor 73,000 Overhead 2,182 Total product cost Allocation of Product Cost Cost transferred to finished goods Cost in ending inventory 322,936 Total product cost