[a) Complete the following Cost of Production report. Cost of Production Report nputs Outputs Beginning Total Completed Total Unit Calculations Inventory Add: Produced Transfer Out Ending WIP Outputs DM Whole units 5,000 8,000 2,000 8,000 % Equivalent Compl 100% 50% Conv. Equiv Units 5,000 3,000 5,000 nputs Outputs Beginning Inventory Add: Total Produced Cost/Unit Completed Transfer Out |Ending WIP Total Cost Calculations Outputs Direct Materials Units 5,000 3,000 1 2,000 3,000 Direct Materials Cost 26,000 $33,500 33,500 Conversion Units 5,000 1 3,000 5,000 Direct Labor Cost $2,500 $18,675 $8,480 $21,175 MOH Cost 1,500 $16,500 $6,600 $9,900 $16,500 Total Conversion Cost Total Cost b) Complete the following manufacturing journal entries representing process costing. Date Description DR CR WIP Raw Materials Wages Payable Manufacturing Overhead To record production costs in WIP 2 Finished Goods Inventory WIP To transfer costs transferred from WIP to FG c) In your own words, describe when job order costing should be used and when process costing should be used. Provide two examples of companies that should use job order costing and provide two examples of companies that should use process costing