EXERCISES 1. Estrella Company has the following production information available for November: Work in process, November 1 Direct Materials 69,000 Conversion costs 48,150 Total Beg WIP Suz.l50 Costs incurred during November Direct Materials $1.548.000 Direct Labor Factory overhead Production records show that 35 000 units were in beginning work in process-these units were 30% complete as to conversion costs. 700,000 additional units were started into production during November. 7100000 units were completed and transferred out to Finished Goods Inventory. 25.000 units were in ending work in process-these units were 40% complete as to conversion costs. Materials are entered at the beginning of the process Instructions Prepare a production cost report for Estrella Company