Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month:

Work in process, beginning:

Units in process300

Stage of completion with respect to materials60%

Stage of completion with respect to conversion80%

Costs in the beginning inventory:

Materials cost$594

Conversion cost$8,256

Units started into production during the month26,000

Units completed and transferred out25,500

Costs added to production during the month:

Materials cost$79,732

Conversion cost$887,626

Work in process, ending:

Units in process800

Stage of completion with respect to materials50%

Stage of completion with respect to conversion40%

Required:

Prepare a production report for the department using the FIFO method:

Include the following:

a. Quantity schedule that shows total units accounted for and equivalent units (material, conversion).

b. Total costs to be accounted for: cost per equivalent unit for material, conversion and total. You should also complete the dollar reconciliation either as part of section b and c or separately.

c. Costs accounted for: cost of units transferred out and work-in-process