Kylie Electronics uses a process costing system to make their product and has only a single processing department. The following information pertains to operation for the month of September.

	Units
Beginning work-in-process inventory	20,000
Started into production during May	100,000
Completed during May	?
Ending work-in-process inventory	24,000

The beginning work-in-process inventory was 60% complete with respect to materials and 20% complete with respect to conversion costs. The ending work-in-process inventory was 90% complete with respect to materials and 40% complete with respect to conversion costs. The costs were as follows:

	Materials	Conversion
Beginning work-in-process inventory	$ 54,560	$ 35,560
Costs incurred during May	$463,840	$274,040

Complete the FIFO Production report in good form on the following page in the space provided. The Cost per equivalent unit section has been prepared for you. No further work needs to be done for this section of the report.

Kylie Electronics

PRODUCTION REPORT

MONTH ENDING September 30, 2021

Quantity Schedule and Equivalent Units

Units to be accounted for:

Quantity Schedule

____________

Total Units ____________

Units accounted for as follows: Equivalent Units

Materials Conversion

____________ __________ _________

Total ____________ __________ _________

Costs per Equivalent unit Total Cost Materials Conversion

Beginning WIP $ 90,120

Costs Added during the month 738,960

Total costs $829,080

Cost per Equivalent unit $7.10 $4.40 $2.70

Cost Reconciliation Equivalent Units

Materials Conversion