Badgersize Company has the following information for its Forming Department for the month of August Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion Assume materials are added at the start of processing. Required: $ 80,000 24,000 $ 104,000 50,000 60,000 7 $ 150,000 $ 120,000 132,000 $252,000 a. Complete a production cost report for the Badgersize Company Forming Department for the month of August. BADGERSIZE COMPANY Production Cost Report For the month of August Part 1. Physical Flow Inputs: Total Units -Beginning WIP Started Units to account for Outputs Units completed Ending WIP Units accounted for Part Equivalent Units Consumed Based on monthly input Finish Beginning WIP Direct Materials Conversion