Problem - Lilliputian Inc. produces dog food. All direct material is entered at the beginning of the process. Some shrinkage occurs during the production process, but management considers any shrinkage of less than 8 percent to be normal. October 2010 data are as follows: Beginning WIP Inventory (45% complete as to conversion) 36,000 pounds Started during the month 120,000 pounds Transferred to FG Inventory 126,000 pounds Ending WIP Inventory (15% complete as to conversion)21,600 pounds Loss ? pounds The following costs are associated with October production: Beginning WIP Inventory; Material $14,000 Conversion 10,800 $24,800 Current period; Material $39,060 Conversion 33,912 72,972 Total cost to account for $97,772 Prepare an October 2010 cost of production report for Lilliputian Inc. using FIFO process costing.