Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month:

Work in process, beginning:

Units in process 300

Stage of completion with respect to materials 60%

Stage of completion with respect to conversion 80%

Costs in the beginning inventory:

Materials cost $594

Conversion cost $8,256

Units started into production during the month 26,000

Units completed and transferred out 25,500

Costs added to production during the month:

Materials cost $79,732

Conversion cost $887,626

Work in process, ending:

Units in process 800

Stage of completion with respect to materials 50%

Stage of completion with respect to conversion 40%

Required:

Prepare a production report for the department using the FIFO method:

Include the following:

1) Quantity schedule that shows total units accounted for and equivalent units (material, conversion).

2) Total costs to be accounted for: cost per equivalent unit for material, conversion and total. There will be bonus marks to complete the dollar reconciliation either as part of section b and c or separately.

3) Costs accounted for: cost of units transferred out and work-in-process