Complete four steps necessary to prepare a production cost report. P21.2 (LO 3,4),AP Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are added at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2022 are presented below. Production Data June Beginning work in process units -0- Units started into production 22,000 Ending work in process units 2,000 Percent complete as to conversion-ending inventory 40% Cost Data I Direct materials used in June $198,000 Direct labor incurred in June 53,600 Manufacturing overhead assigned in June 112,800 Total $364,400 c. Materials $9.00 CC $8.00 d. Completed and transferred out $340,000 Ending WIP $ 24,400 Instructions a. Prepare a schedule showing physical units of production. b. Determine the equivalent units of production for materials and conversion costs. c. Compute the unit costs of production. d. Determine the costs to be assigned to the units completed and transferred out and to work in process for June. e. Prepare a production cost report for the Molding Department for the month of June.