Production Cost Report Empire Aviation owns the patent to manufacture the most agile starship in the galaxy, the Tie Fighter. The company uses a process costing system that includes two departments; Assembly and Quality Control. The assembly department of Empire Aviation has the following production and manufacturing cost data for January 2022. There were no unfinished units as of December 31, 2021. Production: 500 units finished and transferred out; 200 units are in ending inventory that are 100% complete as to materials and 30% complete as to conversion costs. Manufacturing costs: Materials $900,000; labor $600,000; overhead $200,000. 1. Using the information above, prepare a Production Cost Report for January Peach color cells require data entry, Yellow color cells require formulas. 2. Answer the questions at the end of the report. Production Cost Report Equivalent Units Quantities Physical Units Units to be accounted for Total units Units accounted for Total units Costs Unit costs Unit costs (a) (b) Costs to be accounted for Total costs Cost Reconciliation Schedule Cost accounted for Work in Process, lanuary 31 Supplemental Questions Materials Conversion Costs Total Pspars the journal entry necessary to tranfer completed us to the Quality Central Department