Exercise 2) At the start of October, Dilbert Pure Extract had work in process inventory consisting of 4,700 units that were 80 percent complete with respect to materials and 40 percent complete with respect to conversion costs. The cost of the units was $88,845 ($29,900 was labor cost and $57,245 was prime cost). During October, the company started 84,500 units and incurred $984,245 of material cost and $800,010 of labor and overhead. The company completed 75,700 units during the month. The units in ending work in process were 85 percent complete with respect to materials and 45 percent complete with respect to conversion costs. Required: Prepare a production cost report for the month of August (use template shown in examples).