In its Department R. Recyclers, Inc, processes donated scrap cloth into towels for sale in local thrift shops, it sells the products at cost. The direct materials costs are zero, but the operation requires the use of direct labor and overhead. The company uses a process. costing system and tracks the processing volume and costs incurred in each period. At the start of the current period, 450 towels were in process and were 60 percent complete. The costs incurred were $174. During the month, costs of $18,000 were incurred, 3,000 towels were started, and 225 towels were still in process at the end of the month. At the end of the month, the towels were 20 percent complete. Required: a. Prepare a production cost report the company uses FiFO process costing. b. Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables. Complete this question by entering your answers in the tabs below. Prepare a production cost report; the company uses FIFO process costing. (Round "Cost per equivalent unit" to 2 decimal Prepare a production cost report; the company uses FIFO process costing. (Round "Cost per equivalent unit" to 2 decim placesi) 4 Prepare a production cost report, the company uses FFO process costing. . Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables. Camplete this question by entering your answers in the tabs below. Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables