Oregon Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October 2009, the first month of operations for the company's new Portland plant, follow:

eBook Print Question 4 Partially correct Mark 11.67 out of 25.00 Flag question Cost of Production Report: No Beginning Inventories Oregon Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October 2009, the first month of operations for the company's new Portland plant, follow: Units of product started in process during October 90,000 tons Units completed and transferred to finished gaads 75,000 tons Machine hours operated 10,000 Direct materials costs incurred $468,000 Direct labor costs incurred $187,140 Raw materials are added at the beginning of the process for each unit of product produced, and labor and manufacturing overhead are added evenly throughout the manufacturing process, Manufacturing overhead is applied to Work-in-Process at the rate of $24 per machine hour, Units in process at the end of the period were 65 percent converted. Prepare a cost of production report for Oregon Paper Company for October. Round answers to the nearest whole number unless otherwise noted. . Do not use negative signs with your answers. Oregon Paper Company Cost of Production Report Do not use negative signs with your answers. Total Oregon Paper Company Cost of Production Report For the Month Ending October 31, 2009 Summary of units in process (tons): Beginning 0 Units started 90,000 In process 90,000 Completed 75,000 Ending 15,000 Equivalent units in process: Materials Units completed 75,000 Plus equivalent units in ending inventory 15,000 Equivalent units in process 90,000 Total cost to be accounted for and cost per equivalent unit in process: Beginning work-in-process $ 0$ Current costs 486,000 X Total cost in process $ 0 X $ Equivalent units in process 0 X + Cost per equivalent unit in process (Do not round answers.) $ 0 X $ Accounting for total costs: Transferred out Ending work-in-process: Materials $ Conversion Conversion 75,000 9,750 84,750 0$ 0 458,000 X 937,920 x OX 0X $ 0 x 0 x $ OX $ OX 0X 0 X OX Total cost accounted for $ OX Check