TOTAL 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 overhead $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. TOTAL 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 overhead $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