Data Section:
		Conversion
		Percent
		Completed	Units	Cost
		-	-----------------	-----------------
Work in process, beginning		40%	60,000	$94,800
Materials added				150,000
Conversion costs incurred				600,000
Units completed during month			210,000
Work in process, ending		70%	30,000
-	-	-	-	-	-
Answer Section:
	Porter Enterprises
	Cost of Production Report
	For Month of June
-	-	-	-	-	-
1) Units to account for:
Beg. work in proc.	60,000		Units completed		210,000
Units started	FORMULA1		End. work in proc.		30,000
	-----------------				-----------------
Total units to be			Total units
accounted for	0		Accounted for		240,000
	=======				=======
-	-	-	-	-	-
2) Costs to account for:
			Total
			-----------------
Beginning work in process			$94,800
Materials added			150,000
Conversion costs incurred			600,000
			-----------------
Total costs			$844,800
-		-	=======	-	-
3) Equivalent unit computations:
				Equivalent units
			Total	-	--------
			Units	Materials	Conver.
			-----------------	-----------------	-----------------
Beginning work in process			60,000	FORMULA2	FORMULA3
Units started and completed			FORMULA4	FORMULA5	FORMULA6
Ending work in process			30,000	FORMULA7	FORMULA8
			-----------------	-----------------	-----------------
Total units to be Accounted for			90,000
			========
Total equivalent units				0	0
				========	========
-	-	-	-	-	-
4) Costs per equivalent unit:
(Rounded to nearest cent)				Materials	Conver.
				FORMULA9	FORMULA10
Total unit cost (materials + conversion)				=>	FORMULA11
-	-	-	-	-	-
5) Production cost allocation:
Beginning work in process:
Prior period cost				FORMULA12
Conversion of beginning work in process				FORMULA13	$0
				-----------------
Units started and completed					FORMULA14
Ending work in process:
Materials				FORMULA15
Conversion				FORMULA16
				-----------------
Total ending work in process					0
Total costs accounted for					$0
					========