Yellow Crate Company makes soft drink containers. Direct materials are added at the beginning of the process, and conversion costs are incurred evenly throughout production. The firm had 6,000 units in beginning WIP that were 75% complete. During the period 98,000 units were started. Ending WIP consisted of 10,000 units that were 30% complete. Costs for beginning WIP were $2,000 for direct materials and $600 for conversion. Costs added during the period were $29,400 for materials and $13,875 for conversion.

REQUIRED
Prepare a cost report using the FIFO method.