please complete steps 1-4 for production cost report in format will give likes

Ch16 Case Study Assignment - Part 3 The Wizards Company uses the Process Cost System and the Average Costing Method. Materials and Conversion costs are added evenly throughout the process. The following production data are for the Mixing Dept for the month of June (Round unit costs to two decimal places) Production Costs Work in process, June 1st: Direct Materials: 100% complete $3,800 Conversion Costs: 70% complete 4,600 $8,400 Costs incurred during production in June: Direct Materials $17,000 Conversion Costs 20,000 37,000 Total Costs for June $45,400 Production Report Units Work in process, June 1st 200 Units started in production during June 5,000 Units comnleted & transferred out Units completed & transferred out Work in process, June 30th (DM 100%; CC 30%) Production Cost Report 4,800 400 Equivalent Units Materials Conversion Costs Physical Units (Step 1) Quantities Units to be accounted for: (Step 1) Work in process, June 1st Started into production Total units Units accounted for: (Step 2) Completed & transferred out Work in process, June 30th Total units Equivalent Units (Step 2) Costs Direct Materials Conversion Costs Total Production Costs (Step 3) Total Costs incurred to date Divide by equivalent units Unit Costs CUSUS (Step 3) Total Costs incurred to date Divide by equivalent units Unit Costs Costs to be accounted for Work in process, June 1st Started into production Total Costs Cost Reconciliation Schedule (Step 4) Costs accounted for: Complete and transferred out Work in process, June 30th: Materials Conversion Costs Total Costs 2. Instructions for Posting (200 to 300 words - 60pts): a. Explain the Hybrid Costing system (aka Operations Costing) and provide an example of LILLO LLLL SUCULELOPULLISILLAS Direct Materials Conversion Costs Total Costs for June Production Report $17,000 20,000 37,000 $45.400 Units 200 Work in process, June 1st Units started in production during June Units completed & transferred out Work in process, June 30th (DM 100%; CC 30%) Production Cost Report 5,000 4,800 400 Equivalent Units Materials Conversion Costs Physical Units (Step 1) Quantities Units to be accounted for: (Step 1) Work in process, June 1st Started into production Total units Units accounted for: (Step 2) Equivalent Units (Step 2) Completed & transferred out