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:
$$\begin{array} { | l | l | } \hline \text { Beginning work in process inventory } & 4,500 \text { items, } 1 / 4 \text { complete } \\\hline \text { Units placed in production } & 15,000 \text { units } \\\hline \text { Units completed } & 17,500 \text { units } \\\hline \text { Ending work in process inventory } & 2,000 \text { items, } 3 / 4 \text { complete } \\\hline & \\\hline \text { Cost of beginning work in process } & \$ 5,250 \\\hline \text { Direct material costs, current } & \$ 16,500 \\\hline \text { Conversion costs, current } & \$ 23,945 \\\hline\end{array}$$ 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.