Beginning Inventory 2,000 units

Balances: Direct Materials - $10,000 and

Conversion Costs are $24,000

DM are added at the beginning of the process

October Period Information:

Units started 40,000

Costs incurred: DM $242,000 and Conversion - $433,600

End of Period:

Ending Inventory Balances: 1,000 units, 60% converted

Prepare a Cost of Production Report:

Hint: use proper formatting for numbers and dollar amounts and include a heading