Required: Prepare the cost of production report for Jan 1997 using FIFO method (uneven application of material costs) assuming that 50% of the materials are added at the start of the process, 30% when the process is 1/2 completed, and the balance when the process is 3/4 completed. Conversion costs are applied evenly/uniformly.

The following information was taken from the books and records of Genius Co. for the nonth of January, 1997