Archer was disappointed to find that few banks were willing to make a loan to such a small company, but she finally found a bank that would consider...

and 50% complete for conversion costs.

Using this information, Switzer agreed to prepare a report indicating the cost of both work in process and finished goods inventory that Archer would need to report on her balance sheet as at August 30.

Required:

Take on the role of Switzer and prepare the report for Archer. Be sure to provide all details, including a full production report, to help Archer understand how costs were calculated.