A B C D E F G Production Cost Report Empire Aviation owns the patent to manufacture the most agile starship in the galaxy; the Tie 3 Fighter. The company uses a process costing system that includes two departments; Assembly and Quality Control. The assembly department of Empire Aviation has the following production and manufacturing cost data for January 2022 . There were no unfinished units as of December 31, 2021. Production: 500 units finished and transferred out; 200 units are in ending inventory that are 100% complete as to materials and 30% complete as to conversion costs. Manufacturing costs: Materials $900,000; labor $600,000; overhead $200,000. 1. Using the information above, prepare a Production Cost Report for January. Peach color cells require data entry, Yellow color cells require formulas. 2. Answer the questions at the end of the report. Trofuction Cout Report Rquivalent Unies Fhysical Units 27 Units to be accounted for Work in process march 1 201 Parchase 30 Tetal units \begin{tabular}{|c|} \hline 0 \\ \hline 100 \\ \hline 700 \\ \hline \end{tabular} Units accounted for 33 Transferred cut 34 Eoding werk in process March 31 ! 35 Tolal waits \begin{tabular}{|c|c|c|} \hline 500 & 500 & 5,000 \\ \hline 200 & 200 & 60 \\ \hline 700 & 700 & 560 \\ \hline \end{tabular} Unit costs (a)+(b) Costs io be accoasted for Total costs Cost Reconciliation Sehedule Cost accounted for Werk ie Process, January 31 Suppicmental Questions: 1) Prepire the joumal enty secesssy to thatifr ce eplited seis ss the Qualiy Control Depatment. 4) The Rehellios pute ma oster is os Farpis Avhilion be 800 Tis Fighten. De Leppie, bedieving tha oe dil silet