The following data are for Assembly department process and once completed, will be transferred to Finishing department. Physical Direct materials Conversion costs units Ending work in process {31 May) 40 input units 200 Beginning work in process [1 May} 50 $1000 $2000 Total costs added during May $3000 $9000 The \"/0 of completion for beginning work in process is 50% for direct materials and 60% for conversion costs. The % of completion for ending work in process is 80% for direct materials and 30% for conversion costs. REQUIRED: Prepare a production cost report sheet using FIFO method to assign costs to units completed and transferred out and to units of ending work in process. Prepare the Journal entry to record transfer to next process