lilliputian inc. produces dog food. all direct material is entered at the beginning of the process. some shrinkage occurs during the production process,but management considers any shrinkage of less than 8% to be normal. october 2010 data are as follows: beginning wip inventory (45% complete as to conversion) 36,000 pounds started during the month 120,000 pounds transferred to fg inventory 126,000 pounds ending wip inventory (15% complete as to conversion) 21,600 pounds loss ? pounds the following costs are associated with october production: beginning wip inventory: material 14,000 conversion 10,800 24,800 current period: material 39,060 conversion 33,912 72,972 total cost to account for 97,772 prepare an october 2010 cost of production report for lillputian inc. using fifo process costing