Riverside Products Company uses an automated process to clean and polish its souvenir items. For March, the company had the following activities:

Beginning work in process inventory	3,000 items, 1/3 complete
Units placed in production	12,000 units
Units completed	9,000 units
Ending work in process inventory	6,000 items, 1/2 complete
Cost of beginning work in process	$2,500 (DM: $1,000)
Direct material costs, current	$9,000
Conversion costs, current	$7,700

Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.

Required: Prepare a production cost worksheet using the FIFO method.

Flow of Production	Physical Units		Direct Materials		Conversion Costs
Work in process, beginning
Started during period
To account for
Units completed:
Beginning work in process
Started and completed
Work in process, ending
Accounted for
Costs	Totals		Direct Materials		Conversion Costs
Work in process, beginning
Costs added during period
Total costs to account for
Costs added during period
Divided by equivalent units
Equivalent-unit costs
Assignment of cost:
Work in process, beginning
Completion of beginning
Total beginning inventory
Started and completed
Total costs transferred out
Work in process, ending
Costs accounted for