Exercise 2) At the start of October, ILA Corporation had work in process inventory consisting of 2,000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to conversion costs. The cost of the units was $13,500 ($9,000 of material cost and $4,500 of labor and overhead). During October, the company started 40,000 units and incurred $202,090 of material cost and $165,940 of labor and overhead. The company completed 41,900 units during the month and 100 units were in process at the end of October. The units in ending work in process were 70 percent complete with respect to materials and 45 percent complete with respect to conversion costs. Required: Prepare a production cost report (using the production cost template) for the month of October.