PLEASE USE GAAP FORMAT.

The following information concerns production in the Baking Department for Cakes R US, INC. for the month of July 2021 . All direct materials are placed in process at the beginning of production. All inventories are costed by the First In, First Out Method. Directions : Use the above information to prepare the Cost of Production Report for the Month of July 31, 2021. The report should include: Step #1: Total units to be accounted for Step #2: Total units to be accounted for Step #3: Equivalent units for Direct Materials and Conversion Costs Step #4: Costs per Equivalent unit for Direct Materials and Conversion Costs and total costs to be accounted for (Round dollars to two decimal points - \$33.93) Step #5: Total costs to be allocated to: a) Work in Process, July 1 b) Started \& Completed (Finished Goods) c) Work in Process, July 31