The inventory at May 1 and the costs charged to Work in Process-Department B during May for Star Company are as follows: 12,000 units, 2/5 completed $ 62,400 From Department A, 55,000 units 115,500 Direct labor 364,915 Factory overhead 148,000 During May, all direct materials are transferred from Department A, the units in process at May 1 were completed, and of the 55.000 units entering the department, all were completed except 6,000 units which 3/4 completed. Inventories are costed by the first-in, first-out method. Prepare a cost of production report for May. (See pages 935 & 944 - 945 of the text) Show your calculations in the space below: Make the appropriate journal entry to transfer the cost of the completed units out of this department (assume that this is the last production department)