Smith Electronic Companys chip-mounting production department had 300 units of unfinished product, each 50% completed on September 30. During October of the same year, this department put another 900 units into production and completed 1,000 units and transferred them to the next production department. At the end of October, 200 units of unfinished product, 70% completed, were recorded in the ending Work-in-Process Inventory. Smith Electronic introduces all direct materials when the production process is 50% complete. Direct labor and factory overhead (i.e., conversion) costs are added uniformly throughout the process.

Following is a summary of production costs incurred during October:

	Direct Materials	Conversion Costs
Beginning work-in-process		$ 2,850
Costs added in October	$ 9,800	7,500
Total costs	$ 9,800	$ 10,350

Prepare a production cost report for October using FIFO method:

Chiptuning Production Departet FF Probin Cotteet Production Quantity Information Stop Analyse Flower Physical Unit Step 2 Calcutate Eevalent Unita Conversion Costs Physical Materials 300 Input Beginning work process inventory Completion percentage Direct materials. O Conversion, ON 100 900 1.200 1,000 1,000 1,000 200 Started this period Tatal units to account for Output Completed Ending work in process inventory Completion percentage Direct material 100% Conversion, 70% Total counted for Total work performed to date Beginning work in process inventory Total work performed this period (FIFO equivalent units Unit Cost Determination 200 140 1.140 1.200 1.200 300 300 1.500 300 840 Step 3. Determine Total Costs to Account for Flow Direct Materials Conversion Costs Total Beginning workprocess inventory Quint cost Total costs to account for Step 4: Compute Unit Costs Cost prevalent un 5 0 os D Cost Assignment Completed and Transferred Out Ending Work In Process Total Step 6 Assign Total Manufacturing Costs Un ompleted and transferred out Beginning work-in-process Current cost to complete Materials Corversion sota from beginning work n process Unts started and freshed Total cost completed and transformed out Ending works Material Conversion Pololocounted to