Problem 3. Prepare a 5 step production cost report for the Mercury Company. -All material is added as soon as the production of the products is begun - Conversion is added evenly throughout the process BWIP=40,000 units Started = 100,000 units Completed units = 60,000 units EWIP = 80,000 units ( 50% completed) Costs: BWIP = $500,000 Material and $100,000 conversion Current month costs = $900,000 material and $200,000 conversion Required: Do the 5 step production cost report