: Master Paint uses process costing. The quantity schedule of mixing department for March 2020 shows that 5,000 units were in opening WIP with completion of 50% with respect to material, 30% labor and 30% MOH. The cost of opening WIP is as follows:

Materials$150,000

Labor100,000

Manufacturing overheads (MOH)50,000

25,000 units were started during the month of March; 20,000 units were transferred to next department; and 10,000 units were in process at the end ofMarch which were 100% complete as to materials cost and 50 % complete as to conversion cost. Following Costs is added during the month of March:

Materials $400,000

Labor300,000

Manufacturing overheads (MOH) 200,000

Requirement:

Prepare the cost of production report for the month of March 2020