Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows.

		Cutting Department
Production DataJuly		T12-Tables
Work in process units, July 1		0
Units started into production		20,400
Work in process units, July 31		3,060
Work in process percent complete		60
Cost DataJuly
Work in process, July 1		$0
Materials		387,600
Labor		239,088
Overhead		106,080
Total		$732,768

Prepare the production cost report for July 2020.