Western Company Production Cost Report (FIFO) (Practice Prob) Western Company starts out the period in Process \#1 with 4,000 units that have 100% of their materials (because all materials are introduced at the start of the process) and 60% of their labor and overhead (because this firm applies overhead on the basis of labor). There were 36,000 units started and completed this period. At the end of the period, 40,000 units had been completed while 15,000 are still in work in process. The ending work-in-process units have 100% of their materials and 30% of their labor and overhead. Dollar amounts for the beginning work in process are $2,200 for materials and $4,200 for labor and overhead. Dollar amounts spent in this process in the current period were $33,150 for materials and $88,410 for labor and overhead. Prepare a formal Production Cost Report for Process #1 for the period using the FIFO method