Sinaloa Products Co. uses the process cost system. A record of the factory operations for the month of October follows:

Production Summary Units

Started in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,500

Finished and transferred to stockroom . . . . . . . . . . . . . . 9,500

In process, end of month, one-half completed as to

materials, labor, and overhead . . . . . . . . . . . . . . . . . . . . 1,000

Cost Summary

Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $30,000

Labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000

Factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000

Required:

Prepare a cost of production summary, assuming that the cost of lost units is absorbed by the good units completed.