2) Saddleback Company makes lanterns using a single production process. All direct materials are added at the beginning of the manufacturing process. Information for the month follows: Beginning work in Process (40 % complete) Number of Units Started Number of Units completed and transferred to FG Ending work in Process (70% complete) Prepare the Production Report: Units 40,000 104,000 98,000 QitxCompany Process Costing Production Report (FIFO) For the quarter e Physical Units Units Units to be accounted for eginning WIP Started in Production Total Units Equivalent Units Units Accounted Direct Materials Conversion Cost Beginning WIP Started and transfe Ending WIP Total Units Costs Direct Materials Conversion Costs Total Cost Current period costs Equivalent Units Cost Per Equivalent Unit 62,000 164,000 226,000 Costs to be accounted Direct Materials Conversion Costs Total Costs Beginning WIP Current Period Costs Total Costs 20,000 112,000 92,000 164000226.000 Costs Accounted for Beginning Inventory Cost to complete beg inv Started and Completed Ending Inventory Total Costs