1. Austin Co. manufactures a product called Aster in athree-process series. All materials are introduced at the beginningof the first process. Austin uses the first-in, first-out method ofinventory costing. Unit and cost data for the first process(Department A) for the month of December follow:
   

   	Units	Completion	Cost
   Work in process inventory:
   December 1	12,000	60%	$140,400
   December 31	5,000	40%	?
   Started in December:	14,000
   Direct materials cost			106,400
   Conversion cost			70,310
   Completed in December	21,000		?

   Prepare Austin's Department A cost of production report forDecember.

   Round your cost per equivalent unit amounts to two decimalplaces. Round all other amounts to the nearest dollar. If an amountvalue is zero enter "0" as answer.

   Austin Company
   Cost of Production Report—Department A
   For the Month Ended December 31
   Unit Information
   Units charged to production:
   Inventory in process, December 1
   Received from materials storeroom
   Total units accounted for by Department A
   Units to be assigned cost:
   		Equivalent Units
   	Whole Units	Direct Materials	Conversion
   Inventory in process, December 1 (60%completed)
   Started and completed in December
   Transferred to Dept. B in December
   Inventory in process, December 31 (40%complete)
   Total units to be assigned costs
   Cost Information
   COSTS:
   		Direct Materials Costs	Conversion Costs
   Costs per equivalent unit:
   Total costs for December in Department A		$	$
   Total equivalent units
   Cost per equivalent unit		$	$
   Costs charged to production:
   	Direct Materials Costs	Conversion Costs	Total Costs
   Inventory in process, December 1			$
   Costs incurred in December
   Total costs accounted for by Department A			$
   Costs allocated to completed and partiallycompleted units:
   Inventory in process, December 1, balance			$
   To complete inventory in process, December 1	$	$
   Started and completed in December
   Transferred to finished goods in December			$
   Inventory in process, December 31
   Total costs assigned by Department A			$