Assuming the FIFO Inventory Valuation Method,use the Following Information to Determine

Assuming the FIFO inventory valuation method,use the following information to determine the cost of the goods completed during the current reporting period:
$\begin{array}{lrrrr} &\text { Equivalent } & \text { Cost } & \text { Total } \\& \underline{\text { Units }} &\underline{ \text { per Unit}} &\underline{ \text { Cost }}\\ \text { Beginning goods in process: }\\\text { Costs from prior month } & & & \$ 735 \\\text { Materials costs added } &60 & \$ 5.00 &\\\text { Labor and overhead cost added } & 20 &12.00 & \\\text { Started and completed goods: }\\\text { Materials costs added } & 1,000 & 5.00 \\\text { Labor and overhead cost added } & 1,000 & 12.00 & \\\end{array}$