Use FIFO

do a production report with this information:

Production data:

units in process, July 1 (materials 100% complete; conversion 30% complete) 10,000

Units started into production 170,000

Units in process, July 31 (materials 100% complete; conversion 40% complete) 20,000

Cost Data:

Work in process inventory, July 1:

Materials cost $8,500

Conversion cost $4,900

Cost Added during the month:

Materials cost $139,400

Conversion cost $244,200