2. Prepare the production report for the blending process. Physical Units Transferred-in Costs Direct Materials $8,000 Conversion Costs $24,800 Beginning 40,000 WIP (a) Started during 750,000 month Completed 760,000 during March Costs added in March Ending 30,000 Inventory (b) $147,600 $554,200 a. Degree of completion: 100% complete for DM and 80% complete for CC. b. Degree of completion: 60% complete for DM and 40% complete for CC