General Fabricators assembles its product in several departments. It has two departments that process all units. During October, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $12,000 for materials and $3,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials are added at the beginning of the process.

Beginning work in process in the finishing department was 75% complete as to conversion costs. Direct materials are added at the end of the process. Beginning inventories included $16,000 for transferred-in costs and $20,000 for conversion costs. Ending inventory was 25% complete. Additional information about the two departments follows:

Cutting

Finishing

Beginning work-in-process units

20,000

20,000

Units started this period

40,000

50,000

Units transferred this period

50,000

0

Ending work-in-process units

10,000

20,000

Material costs added

$48,000

$28,000

Direct manufacturing labor

$16,000

$40,000

Other conversion cost

$ 8,000

$24,000

Prepare a production cost worksheet using weighted-average for the cutting department and FIFO for the finishing department.