Assume that El Paso Corporation provides you with the following information for one of its department€™s operations for September (no new material is added in Department B):

Required
Prepare a production cost report usingFIFO.

Transcribed Image Text:

WIP inventory-Department B Beginning inventory (7,500 units, 20% complete with respect to Department B costs) Transferred-in costs (from Department A) Department B conversion costs 29,000 7,675 70,000 -. .149,075 . . $ Current work (17,500 units started) Prior department costs Department B costs The ending inventory has 2,500 units, which are 50 percent complete with respect to Department B costs and 100 percent complete for prior department costs. -.-