Using the following terms, complete the production cost report shown below: Ending work in process Units started into production Total units accounted for Total costs to account for Manufacturing Overhead Raw Materials Inventory Cost per equivalent unit Beginning work in process Transferred in costs Incurred during the period Completed and transferred out Total costs accounted for Finished Goods Inventory Equivalent units Total units to account for Materials are added at the beginning of the production process and ending work in process inventory is 80% complete with regard to conversion costs. Use the information provided to complete a production cost report using the weighted-average method. Costs to Account For Beginning inventory: materials $ 25,000 Beginning inventory: conversion Direct materials 30,500 2,000 Units to Account For Beginning work in process Units started into production Transferred out 4,000 9,500 9,600 Direct labor 45,000 Applied overhead 11,840 Transferred-in materials 12,015 Transferred-in conversion Total costs to account for 33,500 $159,855 PLEASE NOTE: For percent, use whole numbers and "%" (i.e. 25%). For units, use commas as needed (i.e. 1,234). Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). All other dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). NOTE #2: You may want to use one of the EXCEL spreadsheets I provided in the module - Chapter05 PCR Textbook p.264-267.xlsx 271.xlsx - to help complete this problem. Units to Account For: Units or Chapter05 PCR Textbook p.268-