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Cost of Production Report: No Beginning Inventories Atlanta Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October 2017, the first month of operations for the company's new Brunswick plant, follow:

Units of product started in process during October	80,000	tons
Units completed and transferred to finished goods	75,000	tons
Machine hours operated	7,000
Direct materials costs incurred	$ 486,000
Direct labor costs incurred	$ 190,800

Raw materials are added at the beginning of the process for each unit of product produced, and labor and manufacturing overhead are added evenly throughout the manufacturing process. Manufacturing overhead is applied to Work-in-Process at the rate of $24 per machine hour. Units in process at the end of the period were 60 percent converted.

Prepare a cost of production report for Atlanta Paper Company for October.

Round answers to the nearest whole number unless otherwise noted.

Do not use negative signs with any of your answers.

ATLANTA PAPER COMPANY
Cost of Production Report
For the Month Ending October 31, 2017
Summary of units in process (tons):
Beginning	Answer
Units started	Answer
In process	Answer
Completed	Answer
Ending	Answer
Equivalent units in process:		Materials	Conversion	Total
Units completed		Answer	Answer
Plus equivalent units in ending inventory		Answer	Answer
Equivalent units in process		Answer	Answer
Total cost to be accounted for and cost per equivalent unit in process:
Beginning work-in-process		$Answer	$Answer	$Answer
Current costs		Answer	Answer	Answer
Total cost in process		$Answer	$Answer	$Answer
Equivalent units in process		$Answer	$Answer
Cost per equivalent unit in process (Do not round answers.)		$Answer	$Answer	$Answer
Accounting for total costs:
Transferred out				$Answer
Ending work-in-process:
Materials			$Answer
Conversion			Answer	Answer
Total cost accounted for

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