Pet Products Company uses an automated process to manufacture its pet replica products. For June, the company had the following activities:Beginning work in process inventory?4,500 items, 1/4 completeUnits placed in production?15,000 unitsUnits completed?17,500 unitsEnding work in process inventory?2,000 items, 3/4 complete?Cost of beginning work in process?$5,250Direct material costs, current?$16,500Conversion costs, current?$23,945Direct 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.
