Part II- Procedural cost (Value: 10 points)

Corp. Alcanza adds the materials early in its production process and adds them evenly to the conversion costs. At the beginning of June 20xx, inventory in process was 25% complete; at the end of the month it was 75% complete. Other important information is disclosed below:

Initial inventory of goods in process 1,500 units

Units started during period 3,400 units

Units completed during the period 3,850 units

Conversion costs $ 290,000

Direct materials used $ 750,000

Starting inventory costs

Materials $ 170,000

Conversion $ 130,000

Required:

1. Prepare the cost report for June 20xx.