Internet Inhand Ltd began producing netbooks on 1 July 2016. A unit of production passes through two processes — manufacturing and finishing. Production data for the month of July are presented below:

	Manufacturing				Finishing
Units started in process during July Units received from previous process during July		98000       —				— 82000
Total		98000				82000
Costs of production Materials Direct labour Factory overhead Units completed in July and transferred out Units in process, all materials added 31 July 1/2 complete for labour and overhead 1/4 complete for labour and overhead	$7840000 450000 5400000 82000 16000				— 387500 4030000 76000 6000

Required

Prepare a cost of production report for July for each department, showing the unit cost on completed units for each process assuming that materials are added at the beginning of the process, and conversion costs are incurred continuously. The company uses the average cost method.