production data for the first department, printing, are as follows for March 2023. Units in process March 1: 5,000 units 40% complete Units in process March 31: 4,000 units 75% complete Units started into production: 80,000 Units completed and transferred out: 81,000 Cost of March 1 work in process: Material X: $55,000 Conversion Costs: $28,000 Costs added in the printing department during March: Material X: $52,000 Material Y: $122,400 Conversion costs: $94,300 Material x is added at the beginning of work in the printing department. Material Y is also added in the printing department, but is not added until units of product are 60% complete. The units are transferred from printing to the binding department after which they are shipped to the finished goods warehouse awaiting sale to customers. Binding department costs for March are as follows: Units in process March 1: 6,000 units 20% complete Units in process March 31: 2,000 units 85% complete Units completed and transferred out: 75,000 Cost of March 1 work in process: Alpha: $155,000 Conversion Costs: $138,000 Transferred in: $32,000 Costs added in the binding department during March: Alpha: $151,940 Beta: $19,500 Conversion costs: $147,225 Two types of materials are used in the binding department. Alpha and Beta. ILpha is added once the product is 10% complete and Beta is added at the end of the process in the binding department. Normal spoilage, in the binding department, is 10% of the good units completed and transferred to finished goods inventory. Prepare a production report for the binding department using FIFO