Marine Supply Company manufactures boat products. Its products move through two departments: development and packaging. Production and cost data for the packaging department are as follows: $ 18,480 5,440 3,584 Work in process inventory, March 1 (16,000 units) Costs transferred in Materials cost Conversion costs (30% complete) Costs incurred in March Transferred in (200,000 units) Materials cost Conversion costs $150,000 68,000 112,000 All materials are added at the beginning of the packaging process. Ending inventory consists of 24.000 units, 100% complete as to materials and 60% complete as to conversion Prepare a production cost report for the packaging department for March. Use the average cost method. (Use either format shown in Chapter 18 or in my Chapter 18 HW solution.)