Trout, Inc. prepared the following production report: 
Additional information: Trout adds direct materials at the beginning of the process, while conversion costs are incurred uniformly throughout the process. At the beginning of the period, Work in Process Inventory was 40% complete. At the end of the period, Work in Process Inventory was 70% complete.
Required:
Fill in the missing amounts.
Definitions:
Firm
A business organization, such as a company or partnership, engaged in commercial, industrial, or professional activities.
Organization
A structured group of individuals working together to achieve common goals.
Poisson Probability Distribution
Describes the probability of a given number of events happening in a fixed interval of time or space when these events occur with a known constant mean rate.
Business Processes
A set of tasks and activities that are sequentially organized to achieve a specific organizational goal or objective.
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