Mandarin Company Manufactures a Product Through a Continuous Single-Step Process

Mandarin Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data of Mandarin Company for the month of September follows: $\begin{array}{l}\text { Production data: }\\\begin{array}{lr}\text { In process, September } 1 \text { ( } 37.50 \% \text { converted) } & 8,000 \text { units } \\\text { Started during September } & 20,000 \text { units } \\\text { Completed and transferred to finished goods } & 25,500 \text { units } \\\text { In process, September } 30 \text { (80\% converted) } & 2,500 \text { units }\\\\\text { Manufacturing costs: }\\ \text { Work in process (WIP), Beginning}&\$ 24,500\\ \text {Materials }&\$80,000 \\ \text { Direct labor cost}&\$25,500 \\ \text {Factory overhead cost }&\$75,000 \\\end{array}\end{array}$
Required:
Prepare a cost of production report for the month of September. Use the first-in, first-out process costing approach.