Refer to the information in Exercise 6.41.
Information From Exercise 6.41.
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.