Green Forest Limited manufactures a single product by means of a single manufacturing process costing system. Raw materials are added at the beginning of the process and conversion costs (labor and overheads) are incurred evenly during the process. Normal loss is estimated at 10% of the units which reach the inspection point. 

The cost and production figures for the last month are as follows: 

Units 

Material Conversion Beginning WIP (40% complete) 20,000 sh. 72,000 sh. 33,100 

Finished products 71,000 Units put into production 80,000 sh. 266,500 sh. 155,400 

Ending WIP (75% complete) 16,000.

Prepare a process costing schedule under the FIFO method, assuming inspection is done at 75% conversion.