1. The following data appeared in the accounting records of The Beautiful Company. Started in process Completed and transferred 12,000 units 10,500 units Work in process, end of month Stage of completion 1,500 units 40% complete Costs Materials 72,000.00 Labor Overhead 88,800.00 44,400.00 Calculate the following: 1. Equivalent production for materials and conversion costs. 2. Cost of production report under the following assumptions: Assumption 1: all materials are added at the beginning of the process. Assumption 2: 50% of the materials are added at the beginning of the process, and the remaining 50% are added at the end of the process.