Question 6 (22 points) OPEN WORD DOCUMENT read the instructions and complete a Production Cost Report on the document provided to you. Email it to the professor when you submit the exam for grading. OPEN PDF DOCUMENT read the instructions and complete a Production Cost Report on the document provided to you. Email it to the professor when you submit the exam for grading. The Assembly Department of Nitz Company has the following production and cost data at the end of May, 2020. Production: 25,000 units started into production; 20,000 units transferred out and 5,000 units 100% completed as to materials and 40% completed as to conversion costs. Manufacturing Costs: Materials added at beginning of process, $90,000; labor, $72,000; overhead $60,000. nstructions: Prepare a production cost report for the month of May on the document provided to you. Physical Units Equivalent Units Materials Conversion Costs QUANTITITIES Units to be Accounted For Work in process, May 1 Started into Production Total Units Units Accounted for Transferred out Work in Process, May 31 Total Units Materials Conversion Costs Total COSTS Unit Costs Total costs Equivalent Units Unit Costs Costs to be accounted for Work in Process, May 1 Started into Production Total Costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in Process, May 31 Materials Conversion Costs Total Costs Question 6 (22 points) OPEN WORD DOCUMENT read the instructions and complete a Production Cost Report on the document provided to you. Email it to the professor when you submit the exam for grading. OPEN PDF DOCUMENT read the instructions and complete a Production Cost Report on the document provided to you. Email it to the professor when you submit the exam for grading. The Assembly Department of Nitz Company has the following production and cost data at the end of May, 2020. Production: 25,000 units started into production; 20,000 units transferred out and 5,000 units 100% completed as to materials and 40% completed as to conversion costs. Manufacturing Costs: Materials added at beginning of process, $90,000; labor, $72,000; overhead $60,000. nstructions: Prepare a production cost report for the month of May on the document provided to you. Physical Units Equivalent Units Materials Conversion Costs QUANTITITIES Units to be Accounted For Work in process, May 1 Started into Production Total Units Units Accounted for Transferred out Work in Process, May 31 Total Units Materials Conversion Costs Total COSTS Unit Costs Total costs Equivalent Units Unit Costs Costs to be accounted for Work in Process, May 1 Started into Production Total Costs Cost Reconciliation Schedule Costs accounted for Transferred out Work in Process, May 31 Materials Conversion Costs Total Costs