Surf Products Company uses an automated process to clean and polish its souvenir items. For March, the company had the following activities:
| Beginning work in process inventory | 3,000 items, 1/3 complete |
| Units placed in production | 12,000 units |
| Units completed | 9,000 units |
| Ending work in process inventory | 6,000 items, 1/2 complete |
| Cost of beginning work in process | $2,500 |
| Direct material costs, current | $9,000 |
| Conversion costs, current | $7,700 |
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.
