Marine Supply Company manufactures boat products. Its products move through two departments: development and packaging. Production and cost data for the packaging department are as follows:

Work in process inventory, March 1 (16,000 units)
Costs transferred in	$ 18,480
Materials cost	5,440
Conversion costs (30% complete)	3,584
Costs incurred in March
Transferred in (200,000 units)	$150,000
Materials cost	68,000
Conversion costs	112,000

All materials are added at the beginning of the packaging process. Ending inventory consists of 24,000 units, 100% complete as to materials and 60% complete as to conversion. Prepare a production cost report for the packaging department for March. Use the average cost method.