During Year 3, Anywhere, Inc. (Al) incurred the following product costs. Raw materials Labor Overhead $ 96,000 118,272 75, eee The Year 2 ending balance in the Work in Process (WIP) account was $43,000. Accordingly, this is the beginning 3. There were 100 units of product in beginning WIP inventory. Al started 2,120 units of product during Year 3. Er consisted of 85 units that were 60 percent complete. Required Prepare a cost of production report by filling in the cells that are left blank. Equivalent Unit Computations Units % Complete Equivalent Units 100 2,120 Beginning inventory Units started Total units available for completion Units in ending inventory Units complete Total equivalent units (85) 2,135 100 % 2,186 Cost per Equivalent Unit Cost + Units = - Cost per Unit $ 43,000 Beginning inventory Raw materials Labor 75,000 Overhead Total product cost 2,186 Allocation of Product Cost Cost transferred to finished goods Cost in ending inventory