Sheet1 Cost Prod Report-Puz UNITS TO ACCOUNT FOR BEG UNITS START TOT TO ACCT END UNITS COMPLETED COSTS TO ACCOUNT FOR BEG WIP MATERIALS LABOR OVERHEAD TOTAL 0 0 COMPLETED 0 END UNITS 0 0 Cost Prod Report-How PUZZLE ME CO. COST OF PRODUCTION REPORT-CUTTING DEPT JULY 2019 (A) TOTAL (B) MATERIAL UNITS % CONVERSION % 0 0% 0% 0 0% 10% TOT UNITS 0 0 CONVERSION COSTS +0 +0 (A)X(B) EQUILVALENT MATERIAL CONVERSION Beginning units were 0. The company started 50,000 units in May. 40,000 were transferred out. For the ending work in process, the materials were added at the start of the process and ending units were 25% complete. The incured costs were direct materials $140,000, direct labor $20,000 and overbead $48,000. Completed units were transferred to the package dept. Complete the Cost of Production report and record the entry to transfer out the completed units. +0 (C) MATERIAL COST (D) (C) (D) CONVERSION TOTAL COST COST D 0 D 0 +0 0 0 +0 0 0 0 BEG WIP " 0 " MONTH COST 0 0 TOTL COST 0 0 0 EQUIL UNITS COST/UNIT 0 0 50.00 50.00 50.00