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Pix Company has the following production data for March: no beginning work in process, units started and completed 33,000, and ending work in process 5,900

Pix Company has the following production data for March: no beginning work in process, units started and completed 33,000, and ending work in process 5,900 units that are 100% complete for materials and 40% complete for conversion costs. Pix uses the FIFO method to compute equivalent units. If unit materials cost is $5 and unit conversion cost is $11. The total costs to be assigned are $583,460, prepare the cost section of the production cost report for Pix Company using the FIFO approach.

PIX COMPANY (Partial) Production Cost Report For the Month Ended March 31

COSTS

Materials

Conversion Costs

Total

Unit costs

Total costs

$enter a dollar amount

$enter a dollar amount

$enter a total of the two previous amounts

Equivalent units

enter a number of units enter a number of units

Unit costs

$enter a dollar amount

$enter a dollar amount

$enter a total of the two previous amounts

Costs to be accounted for

In process, March 1

$enter a dollar amount

Started into production

enter a dollar amount

Total costs

$enter a total of the two previous amounts

Costs accounted for

Transferred out

In process, March 1

$enter a dollar amount

Started and completed

enter a dollar amount

In process, March 31

Materials

$enter a dollar amount

Conversion costs

enter a dollar amount enter a subtotal of the two previous amounts

Total costs

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