7 Cost of production report-average method. The Millwood Supply Company manufactures ingle product on a continuous plan in three departments. On November 1, the work in process eventory in Department 2 was: Cost in preceding department. Materials-Department 2. Labor-Department 2. Factory overhead-Department 2. Units in process Costs in Department 2 during November were: Labor Factory overhead. $13.130 None $ 500 $ 50 5,000 $14,200 $3,450 During November, 70,000 units were received from Department 1 at a unit cost of $2.641; 68,000 units were completed in Department 2, of which 60,000 were transferred to Department 3 and 8,000 were on hand in Department 2 at the end of the month, Four thousand units were still in process, estimated to be one-half complete as to labor and factory overhead. The balance was lost within the department; its cost is to be absorbed by all the finished and unfinished production of the department. Required: A November cost of production report for Department 2; using the average costing albod f beginning work in process inventories