FIFO cost method, cost of production summary 8 Daytona Beverages Inc. uses the FIFO cost method and adds all materials, labor, and factory overhead evenly to production. A record of the factory operations for October follows 04 Production Summary Work in process, beginning of month, one-fourth completed Units 5,000 13,000 . .....11,000 7,000 Finished and transferred to stockroom Work in process, end of month, three-fourths completed.... Cost Summary Work in process, beginning of month $10,00 45,000 30,000 15,000 Labor . .. ired Propare a cost of prodncn Summan or the moth