Prepare the Cost of Production Report using the FIFO method					Direct Materials	Conversion
Beginning work in process				Units	Percent Complete	Percent Complete
Direct materials	$ 18,550		Beginning work in process inventory	2000	100%	20%
Conversion	2,280	$ 20,830	Units started this period	32500
			Completed and transferred out	32000
Costs added this period			Ending work in process inventory	2500	100%	60%
Direct materials	357,500
Conversion	188,670	546,170
Total costs to account for		567,000
	Whole Units		Equivalent Units
			Direct Materials	Conversion
Units to account for
Beginning work in process
Units started this period
Total Units to account for
Units to be assigned costs
Beginning work in process
Units started and completed
Ending work in process
Total units accounted for
Cost			Direct Materials	Conversion	Total
Cost per equivalend unit:
Costs added this period
Equivalent units of production
Cost per equivalent unit of production
Costs assigned to production:
Beginning work in process
Costs added this period
Total costs accounted for by the Molding dept.
Costs allocated to completed and partially
completed units:
Beginning work in process
To complete work in process
Costs of completed July 1 work in process
Started and completed in July
Transferred out in July
Inventory in process, July 31
Total costs accounted for