The following information relates to Aromatic Company for its line of perfume products for the month ended March 3.
Units in beginning inventory (units equal cases of product) 27,000
Cost of units in beginning inventory:
Materials $40,500
Conversion $18,900
Units placed in production 54,000
Cost incurred during current period:
Materials $239,598
Conversion $215,310
Units remaining in ending inventory
(100% complete as to materials,
60% complete as to conversion) 3,000
Prepare a production cost report for the month ended March 31, using the average cost method.