The increases to Work in Process—Cooking Department for Boston Beans Company for January 2008 as well as information concerning production are as follows:
Work in process, January 1, 1,000 pounds, 40% completed ... $ 900
Beans added during January, 58,200 pounds ......... 92,400
Conversion costs during January ............. 33,593
Work in process, January 31, 600 pounds, 70% completed ..... —
Goods finished during January, 58,600 pounds ........ —

Prepare a cost of production report, using the average cost method.