LO 5.4Complete this production cost report: Beginning inventory Started during the month Total units to account for Completed and transferred out Ending work in process Total units accounted for Work in process completion % Completed and transferred out Ending work in process Total units accounted for Costs to account for Beginning work in process Transferred in Incurred during the period Total costs to account for Equivalent units Cost per equivalent unit for department Transferred-out costs End work in process: materials End work in process: conversion End work in process: total Total costs accounted for Units 20,000 75,000 70,000 ? 100% Material Units 70,000 ? ? Materials $ 3,500 0 $25,000 ? ? ? ? ? 25% Conversion Units 70,000 Conversion $16,000 0 $45,000 ? ? ? ? ~~ ? ? ? ? Total 70,000 ? ? Total $19,500 0 $70,000 ?