Cost of Production (15 pts) - Using the information below, prepare a Cost of Production Report for CD Corporation's Packaging Department for May 2019 On May 1, 2019 the following were reported: Inventory In-Process-Packaging (5,500 units, 20% complete) Finished Goods (700 units at $7.25 a unit) 17,500 5,075 The following were charged to Work in Process - Packaging during May Direct Materials transferred from Mixing 14,000 units @ $6.25 a unit. Direct Labor Factory Overhead 87,500 12,000 4,800 During May - 15,500 units were transferred to finished goods and 13,700 units were sold. On May 30 Inventory was as follows Inventory in Process - Packaging: 4,000 units (40% complete) Finished Goods -2,500 units