PLEASE USE THE COST OF PRODUCTION REPORT FORM Prepare a cost of production report for the Cutting Department of Borges Distributors for May 2006, using the following data and assuming that all materials are added at the beginning of the production process: $70,400 Materials added during May from Weaving Dept., 215,000 units Direct labor for May Factory overhead for May Goods finished during May (includes goods in process, May 1), 214,000 units Work in process, May 31s1,9,000 units, 40% completed Cost of Production Report Equivalent Units