In a single process production system, Honest Company produces Product Z.For October, 2021, the company accounting records reflect the following:

Beginning Work In Process

(50% complete as to material, 30% complete as to

Direct labor, 70% complete as to overhead)5,000 units

Units started during the month 65,000

Ending Work In Process (100% complete as to materials,

40% complete as to direct labor, 50% complete as to

Overhead) 8,000

Cost ComponentBeginning InventoryOctober Costs

MaterialsP 10,550P133,650

Direct Labor18,552206,388

Overhead13,95048,750

Required:

1. Prepare a cost of production report using FIFO and weighted average methods.