Cancun Company Uses a FIFO Process Costing System

Essay

Cancun Company uses a FIFO process costing system.
The following costs relate to work in process during November:
At the end of the last period, all direct materials had been added, and the units were 40% complete for conversion costs.
At the end of this period, all direct materials for the 1,000 units had been added, and 70% of conversion costs had been incurred.
Prepare a process report for November, and identify the amount to be transferred.