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LOS Geneva Products Co. produces a latex paint and uses the process cost system. Materials, labor, and overhead are added evenly throughout the process. The

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LOS Geneva Products Co. produces a latex paint and uses the process cost system. Materials, labor, and overhead are added evenly throughout the process. The following information was obtained from the company's accounts at the end of February. Production Costs Costs incurred during month: Materials... Labor Factory overhead $30,000 20,000 40,000 $90,000 Production Report Finished and transferred to stockroom during month..... Work in process, end of period, one-fourth completed Required: Prepare a cost of production summary for February. Units 60,000 10,000

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