Forming, the second department in a three-department production process for Chula Vista Can Inc., received 15,000 units with a total cost of $45,000 from Blanking during the month of May. Production costs in Forming during the month were: materials, $9,000; labor, $6,000; and factory overhead, $12,000. Of the 15,000 units transferred in, 12,000 were completed and transferred to Finishing during the month and 3,000 remained in work in process at the end of the month, two-thirds complete.
Required:
Prepare a cost of production summary for Forming for the month ended May 31.