Otylia Manufacturing Company assembles its product in several departments. It has two departments that process all units. During February, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $12,000 for materials and $3,000 for conversion costs. Ending work-in-processinventory in the cutting department was 40%complete. Direct materials are added at the beginning of the process.

Beginning work in process in the finishing department was 75% complete as to conversion. Beginning inventories included $16,000 for transferred-in costs and $20,000 for conversion costs. Ending inventory was 25% complete. Additional information about the two departments follows:

	Cutting	Finishing
Beginning work-in-process units	20,000	20,000
Units started this period	40,000	50,000
Units transferred this period	50,000
Ending work-in-process units	10,000	20,000
Material costs added	$42,000	$28,000
Direct manufacturing labor	$18,700	$40,000
Other conversion costs	$21,500	$24,000

Required:

Prepare a production cost worksheet using weighted-average for the cutting department and FIFO for the Finishing Department.