Calculate equivalent units and prepare a cost of production report using the weighted average method.

Department	Units Started and Completed	Units in Ending WIP
Beginning WIP	2,000 units	-
Units Started	10,000 units	3,000 units
Ending WIP	-	2,000 units
Costs	Direct Materials: $30,000, Conversion Costs: $20,000	-

Requirements:

Calculate equivalent units of production for direct materials and conversion costs.

Prepare a cost of production report showing total costs incurred and unit costs.

Analyze the efficiency of the production process based on the cost of production report.