Beginning work-in-process inventory (1/3 complete) 7,200 units

Units placed in production 28,800 units

Good units completed 21,600 units

Ending work-in-process inventory 12,000 units

Cost of beginning work in process $ 6,000

Direct material costs, current $21,600

Conversion costs, current $14,400

Direct materials are placed into production at the beginning of the process. All spoilage is normal and is detected at the end of the process. Ending WIP is 60% completed as to conversion.

Required:

Prepare a production cost worksheet if spoilage is recognized and the FIFO method is used.