yo each department for ost method; cost of production summary FIFO c Daytona Beverages Inc. uses the FIFO cost method and adds all materials, labor, and factory overhead evenly to production. A record of the factory operations for October follows Production Summary Work in process, beginning of month, one-fourth completed. Started in process. Finished and transferred to stockroom Work in process, end of month, three-fourths completed..7,000 Units .5,000 .13,000 11,000 Cost Summary Work in process, beginning of month $10,000 45,000 30,000 15,000 Labor . . .. nSumman te nm