October 2014, the company accumulated the following data in its process costing system:
PRODUCTION DATA
Work-in-process 10/1/14 0 tons
Raw materials transferred to processing 25,000 tons
Work-in-process 10/31/15 (75% converted) 5,000 tons
COST DATA
Raw material transferred to processing $650,000
Direct labor cost incurred $38,000
Manufacturing overhead applied?
Manufacturing overhead is applied at the rate of $6 per equivalent unit (ton) processed
Required: prepare a cost of production report for October