Fame corporation uses FIFO method in its process costing system, the following data is for the most recent months of operations in one of the companys processing departments

Beginning WIP 400 Units costing sh. 11,040/=

Input into the production was 3,000 units of material costing Sh.75,946/= and conversion cost incurred during this period was Sh. 56,784/=

During the period 3,100 units were transferred from process and partially completed units (Ending WIP )300 units. The level of completion of incomplete units were

Material Conversion

Beginning Work in Progress (WIP) 80% 40 %

Ending Work in Progress (WIP) 70% 60%

Required

Prepare production cost report for Fame corporation for the period showing the following:

a) Equivalent units of production

b) Costs for the period

c) Cost assignment to units of output