Beginning work in process on September 1 consisted of 101,000 tons that were 55% complete with respect to raw materials and 20% complete with respect to conversion costs. Ending work in process on September 30 consisted of 47,000 tons that were 75% complete with respect to raw materials and 15% complete with respect to conversion costs. 1,115,000 tons of material were put into production. There is no spoilage or loss of tonnage in the production process. Beginning work in process carried costs of: direct materials: $126,000, direct labor: $52,000, and factory overhead: $103,000. Additional costs incurred during the month were: direct materials: $1,520,000, direct labor: $990,000, and factory overhead: $572,000). (a)Prepare a cost of production report for September. (b)Prepare journal entries to reflect 1) the introduction of additional costs during September, and 2) the transfer of completed units to finished goods.

[Insert Company Name]Step 1:Step 2: Equivalent Units Month-ended [Insert Date] Flow of ProductionFlow of Physical UnitsDirect MaterialsConversion CostsTotal Units to Account for: Beginning WIP, [Insert Date] Started in production Physical units to account for: - Units accounted for: Completed and transferred Ending WIP, [Insert Date] Physical units accounted for - Total Equivalent Units - - Total Costs to account for and Cost per Equivalent Unit Beginning WIP, [Insert Date] - Costs added - Total Costs to account for - - - Cost per equivalent unit Total cost to account for - - Divided by equivalent units - - Cost per equivalent unit#DIV/0!#DIV/0! Assigning Costs Completed and transferred out Equivalent units completed and transferred out - - Multiplied by Cost per equivalent unit#DIV/0!#DIV/0! Cost assigned to completed units#DIV/0!#DIV/0!#DIV/0! Ending WIP Equivalent units in ending WIP - - Multiplied by Cost per equivalent unit#DIV/0!#DIV/0! Cost assigned to units in ending WIP#DIV/0!#DIV/0!#DIV/0! Total costs accounted for#DIV/0! Journal Entries: NameDebitCredit Move production costs in WIP Inventory Transfer completed goods to inventory