Sharma Corporation makes high quality chocolate fudge candies for sale to gift shops. On March 1^st there were 3,000 Kilos in process. All materials are added at the beginning of the process. The candies were 40% complete as to conversion. During the month they started 22,000 kilos of which 5,000 remained in ending work in process inventory. These units were 25% complete as to conversion.

The opening balance in WIP was $9,625, 0f which $7,500 was for material. During March $70,000 worth of material was added. Applied overhead and direct labor totaled $42,500 for the month.

Required:

Prepare a cost of production report for the month of March. (DM $3.10, CC$2.10)