The Assembly Department of Fly High Drone Company has the following production and cost data at the end of March, 2021. Production: 21,800 units started into production; 19,500 units transferred out and 2,300 units 100% completed as to materials and 70% completed as to conversion costs. Manufacturing Costs: Materials added at beginning of process, $58,300; Labor, $51,200; Overhead $25,920. Instructions Prepare a production cost report for the Fly High Drone Company for the month of March 2021. 2. Agriculture Sprinkler, Inc. had the following transactions during its first month of operations: 1. Purchased raw materials on account, $26,925. Raw Materials of $21,440 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $1,630 was classified as indirect materials. 3. Factory labor costs incurred were $41,150 of which $37,858 pertained to factory wages payable and $3,292 pertained to employer payroll taxes payable. 4. Time tickets indicated that $37,300 was direct labor and $3,850 was indirect labor. 5. Overhead costs incurred on account were $52,865. 6. Manufacturing overhead was applied at the rate of 140% of direct labor cost. 7. Goods costing $11,100 are still incomplete at the end of the month; the other goods were completed and transferred to finished goods. 8. Finished goods costing $36,515 to manufacture were sold on account for $57,720. Instructions Journalize the above transactions for Agriculture Sprinkler, Inc. Omit Explanations