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 1,128,750 402,040 603,060 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 31th,9,000 units, 40% completed Cost of Production Report Eauivalent Units \begin{tabular}{|l|l|l|} \hline Cost incurred in the month & \\ \hline Total costs accounted for \\ \hline (5) Costs allocated to completed \& partially completed \\ \hline Inventory in Process, beginning of the month & & \\ \hline To complete inventory in process beginning & & \\ \hline Started \& completed this month & & \\ \hline Transferred to Finished Goods or next Dept. & & \\ \hline Inventory in Process, end of the month & & \\ \hline & & \\ \hline Total costs assigned by the department & & \\ \hline \end{tabular}