Pet Products Company Uses an Automated Process to Manufacture Its

Essay

Pet Products Company uses an automated process to manufacture its pet replica products.For June,the company had the following activities:
$$\begin{array} { | l | r | } \hline \text {Beginning work-in-process inventory } & 4500 \text { items, 1/4 complete } \\\hline \text { Units placed in production } & 15000 \text { units } \\\hline \text { Units completed } & 17500 \text { units } \\\hline \text { Ending work-in-process inventory } & 2000 \text { items, 3/4 complete } \\\hline\\\hline \text { Cost of beginning work in process } & \$ 5250 \\\hline \text { Direct material costs, current } & \$ 16500 \\\hline \text { Conversion costs, current } & \$ 23945 \\\hline\end{array}$$
Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.
Required:
Prepare a production cost worksheet using the FIFO method.
_____________________________________________________________________________________________
_____________________________________________________________________________________________