PB12. LO 5.4 Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 80% complete with regard to conversion costs. Costs to Account For Units to Account For Beginning inventory: materials $ 25,000 Beginning work in process 4,000 Beginning inventory: conversion 30,500 Direct material 2,000 Units started into production Transferred out 9,500 9,600 Direct labor Applied overhead 45,000 11,840 Transferred-in materials 12,015 Transferred-in conversion 33,500 Total costs to account for $159,855