Suburbia Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for February 2016 are as follows:

Suburbia Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for February 2016 are as follows Production data: In process, beginning of month (20% converted) 1,000 units Started during February 5,000 units 4,500 units Completed and transferred to finished goods 1,500 units In process, end of month (60% converted) Manufacturing costs Work in process, beginning $14,730 $45,000 Materials Direct labor cost $102,960 $51,480 Factory overhead cost Required: Prepare a cost of production report for February 2016. Use FIFO process costing