Cost of Production Report The department production report of CPA Company for June 2020 is summarized below: Trimming Department Assembly Department Finishing Department Quantity: Started in Process 6,000 - - Transferred in - 5,400 5,000 Transferred out 5,400 5,000 4,800 Work in Proceses - End 600 400 200 Stage of Completion for WIP, end Materials Complete 95% 80% Conversion Cost 60% 75% 90% Cost incurred: Materials 33,600.00 16,786.00 6,400.00 Labor 18,500.00 14,840.00 10,320.00 Overhead 9,217.00 7,120.00 4,960.00 Required: 1. Prepare the cost of production report. Round total costs to the nearest peso and unit cost to four-decimal places. 2. Prepare journal entries to record the following: a. To charge materials, labor and overhead to production. b. To record the transfer of goods from the Trimming Department to the Assembly Department. c. To record the transfer of goods from the Assembly Department to Finishing Department. d. To record the completion of goods and their transfer to Finished Goods.