lilliputian

Lilliputian inc. produces dog food. all direct material is entered at the beginning of the process. Some shrinkage occurs during the production process, but management considers any shrinkage of less than 8% to be normal. October 2010 data are as follows:

All direct material is entered at the beginning of the process. Some shrinkage occurs-
during the production process, but management considers any shrinkage of less than-
8 percent to be normal.  October 2010 data are as follows:

Beginning WIP Inventory (45% complete as to conversion)       36000 pounds
Started during the month                                                          120000 pounds
Transferred to FG Inventory                                                     126000 pounds
Ending WIP Inventory (15% complete as to conversion)           21600 pounds
Loss                                                                                                ?    pounds

The following costs are associated with October production:
Beginning WIP Inventory;
Material                                          14000
Conversion                                     10800       24800
Current period;
Material                                          39060
 Conversion                                     33912       72972
Total cost to account for                                97772

Prepare an October 2010 cost of production report for Lilliputian Inc. using FIFO process costing.