Exercise 4.28 The welding department of Balogh Manufacturing Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Production Data Beginning work in process Manufacturing Costs Beginning work in process Materials Conversion costs Materials Labour Overhead $18,400 14,220 $32,620 Units transferred out 166,360 Units started 52,520 Ending work in process 59,460 15,000 units 1/10 complete 48,200 44,600 11,400 units 1/5 complete Prepare a production cost report for the welding department for the month of February. (Round unit costs to 2 decimal places, e.g. 15.25.) Physical Units Equivalent Units Conversion Materials Costs Total Quantities Units to be accounted for Work in process, February 1 Started into production Total units Units accounted for Transferred out Work in process, February 29 Total units Costs Unit costs Costs in February Equivalent units Unit costs $ Costs to be accounted for Work in process, February 1 Started into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in process, February 29 Materials Conversion costs Total costs