Hello, Please this is how i answered it initially and i am trying to see where i went wrong with the solution you gave me but i am not seeing it.
Cutting Department
Production Report (FIFO Method)
UNIT INFORMATION
Units to account for:
Units in beginning work in process inventory	10,000
Units started/transferred in during the period	38,000
Total units to account for	48,000
Units accounted for:			Equivalent Units
Units completed & transferred out:			Materials	Conversion
Started & completed	34,000		34,000	34,000
From beginning work in process inventory	10,000		-	4,000
Units in ending work in process inventory	4,000		4,000	1,000
Total units accounted for	48,000		38,000	39,000
COST INFORMATION
Costs to account for:	Total		Materials	Conversion
Costs in beginning work in process inventory	$ 68,000		$ 28,000	$ 40,000
Costs incurred during the period	$ 97,000		$ 19,000	$ 78,000
Total costs to account for	$ 165,000		$ 47,000	$ 118,000
Current costs			$ 19,000	$ 78,000
Divided by equivalent units			38,000	39,000
Cost per equivalent unit	$ 2.50		$ 0.50	$ 2.00
Costs accounted for:
Units started and completed	85,000		$ 17,000	$ 68,000
Units transferred out:
Units, beginning work in process:
From prior period	68,000		$ 28,000	$ 40,000
From current period	8,000		$ -	$ 8,000
Remaining in ending work in process inventory	4,000		$ 2,000	$ 2,000
Total costs accounted for	$ 80,000		$ 30,000	$ 50,000

Hrencher Oil Company, LLC, a tiny oil company, produces a product that passes through three processes: Mixing, Refining, and Finishing. Direct materials are added at the beginning of the process. The following information was obtained for the Mixing department for December 2017: Work in process, December 1, had the following costs Direct materials Direct labor Overhead $ 28,000 S 22,000 S 18,000 During the month of December, the following costs were added to production: Direct materials Direct labor Overhead $ 19,000 S 47,000 S 31,000 Units in process at the beginningof the month (100% complete as to materials 60% complete as to conversion) 10,000; units started during the month, 38,000, and units in process at the end of the month (100% complete s to materials, 25% complete as to conversion), 4,000. Required: Prepare a production cost report for the month ended December 31, using the FIFO method