Elliott Company produces large quantities of a standardized product. The following information is available for its first production department for March. Prepare a production cost report for this department using the weighted average method.Note: Round "Cost per EUP" to $2$ decimal places. UnitsDirect MaterialsConversionPercent CompletePercent CompleteBeginning work in process inventory$500$ Units started this period$5,000$ Completed and transferred out$4,500$ Ending work in process inventory$1,000100\%30\%$Beginning work in process inventory Direct materials$ $865$ Conversion$1,656$$ $2,521$Costs added this period Direct materials$40,000$ Conversion$77,832117,832$Total costs to account for $ $120,353$