Refer to the information in Exercise 6.36.
Beginning WIP (30% complete):
Direct material ..... $25,000
Conversion costs ..... 3,000
Total ......... $28,000

Units started during March ........... 80,000 units
Units completed and transferred out during March ... 88,000 units
Ending WIP inventory (50% complete) ...... 12,000 units
Direct material cost added during March ........ $220,000
Conversion costs added during March ........ $74,000

REQUIRED
Prepare a process cost report using the FIFO method.