Stevens Company's inventory on March 1 and the costs charged to Work in Process-Department B during March are as follows: During March, all direct materials were transferred from Department A, the units in process at March 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000 units that were 70% completed. Inventories are costed by the first-in, first-out method.Prepare a cost of production report for March. Round unit cost data to four decimal places and total cost to nearest cent.

Question

Stevens Company's inventory on March 1 and the costs charged to Work in Process-Department B during March are as follows:​   During March, all direct materials were transferred from Department A, the units in process at March 1 were completed, and of the 55,000 units entering the department, all were completed except 6,000 units that were 70% completed. Inventories are costed by the first-in, first-out method.​Prepare a cost of production report for March. Round unit cost data to four decimal places and total cost to nearest cent.

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