Instruction Austin Co. manufactures a product called Aster in a three-process series. All materials are introduced at the beginning of the first process. Austin uses the first-in, first-out method of inventory costing, Unit and cost data for the first process (Department A) for the month of December follow: Units Completion Cost Work in process inventory: December 1 12,000 60% $140,400 5,000 40% December 31 Started in December: 14,000 Direct materials cost 106,400 Conversion cost 70,310 Completed in December 21,000 Required: Prepare Austin's Department A cost of production report for December. Round cost per equivalent unit to two decimal places and the other answers to the nearest dollar. If an answer is zero, enter "0". Cost of Production Report Prepare Austin's Department A cost of production report for December. Round cost per equivalent unit to two decimal places and the other answers to the nearest dollar. If an answer is zero, enter "0". Austin Company Cost of Production Report-Department A For the Month Ended December 31 Cost of Production Report Equivalent Units UNITS Whole Units Direct Materials Conversion Units charged to production: Inventory in process, Dec. 1 Received from materials storeroom Total units accounted for by Depesa Units to be assigned costs: Inventory in process, Dec. 1 (60% completed) Started and completed in December Transferred to Dept. B in December Inventory in process, Dec. 31 (40% complete) Total units to be assigned costs Costs COSTS Direct Materials Conversion Total Costs per equivalent unit: Total costs for December in Dept A Total equivalent units Cost per equivalent unit Costs charged to production: Inventory in process, Dec. 1 Costs incurred in December Total costs accounted for by Dept. A Costs allocated to completed and partially completed units: Inventory in process, Dec. 1, balance To complete inventory in process, Dec. 1 Started and completed in December Transferred to finished goods in December Inventory in process, Dec. 31 Total costs assigned by Dept. A