4) A Company manufactures small boats. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout the process. Data for April follows: Production Data Units Percent Complete Units in process, April 1 1000 60% Units started into production 4000 Units in process, April 30 1500 20% Cost Data Work in process, April 1: Costs added: Materials $25,500 Materials $90,000 Labour 3,000 Labour 12,000 Manufacturing overhead 6,000 Manufacturing overhead 18.900 Required: Using the weighted average method, prepare a production cost report for the company. Note that you will need to use the following Production Cost Report Template | I Physical Units Total Direct Materials Conversion Costs Units to Account For: From Beginning Work In Process Units started during the year Total Units to Account For Units Accounted For: Completed and transferred out Ending Work in Process Total Units Accounted for Total Equivalent Units Costs to Account For: Beginning Work-in-Process Costs incurred during year Total Costs to Account For: Cost per equivalent unit Cost of Units Completed & transferred out Ending Work In Process Total Costs Accounted For