Stevens Company's inventory on March 1 and the costs charged to Work in ProcessDepartment B during March are as follows:

Beginning work in process, 12,000 units, 60% completed		$62,400
From Department A, 55,000 units started this period
Direct materials added		115,500
Direct labor incurred		384,915
Factory overhead incurred		138,000

During March, all direct materials were transferred from Department A, the units in process at March 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000 units that were 70% completed. Inventories are costed by the first-in, first-out method.

Prepare a cost of production report for March.

If required, round your cost per equivalent unit amounts to four decimal places. Round all other amounts to the nearest dollar. If an amount value is zero enter "0" as answer.

Cost Information

Cost:

Stevens Company Cost of Production Report Department B For the Month Ended March 31 Unit Information Units charged to production: Inventory in process, March 1 12,000 Received from Department A 55,000 Total units accounted for by Department B 67,000 Units to be assigned cost: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, March 1 (60% completed) 12,000 0 4,800 Started and completed in March 49,000 49,000 49,000 Transferred to finished goods in March 61,000 49,000 53,800 Inventory in process, March 31 (70% completed) 6,000 6,000 4,200 Total units to be assigned costs 67,000 55,000 58,000 Direct Conversion Materials Costs per equivalent unit: Total costs for March in Department B 115,500 522,915 Total equivalent units 55,000 58,000 Cost per equivalent unit 2.1 9.016 X Costs assigned to production: Direct Materials Costs Conversion Costs Total Costs Inventory in process, March 1 62,400 Costs incurred in March 638,415 Total costs accounted for by Department B $ 700,815 Costs allocated to completed and partially completed units: Inventory in process, March 1, balance 62,400 To complete inventory in process, March 1 0 $ 43,276 43,276 Started and completed in March 102,900 441,774 544,674 Transferred to finished goods in March 587,950 Inventory in process, March 31 12,600 37,886 X 50,446 X Total costs assigned by Department B $ 638,415 X