Lilliputian Inc. produces dog food. All direct material is entered at the beginning of the process. Some shrinkage occurs during the production process, but management considers any shrinkage of less than 8 percent to be normal. October data are as follows:

The following costs are associated with October production:

Prepare an October cost of production report for Lilliputian Inc. using FIFO process costing.

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Beginning WIP Inventory (45% complete as to conversion).. Started during the month Transferred to FG Inventory... Ending WIP Inventory (15% complete as to conversion) Loss..... 36,000 pounds 120,000 pounds 126,000 pounds 21,600 pounds ? pounds