P5-2 Cost of production summary, one department; beginning work in process similar to Self-Study Problem 1 Andrews Company uses the process cost system. The following data, taken from the organization's books, reflect the results of manufacturing operations during the month of October: LO5 280 Principles of Cost Accounting Production Costs Work in process, beginning of period: $ 2,600 Materials Labor 2,300 $5,900 Factory overhead 1,000 Costs incurred during month: $10,000 Materials 7,500 Labor 23,500 Factory overhead 6,000 $29,400 Total Production Report Units 13,000 Finished and transferred to stockroom during month Work in process, end of period, one-half completed 2,000 Required: Prepare a cost of production summary for October