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Question 4 The welding department of Balogh Manufacturing Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work In process Beginning work In process 16,000 units Materials $17,820 1/10 complete Conversion costs 14,440 $32,260 Units transferred out 49,100 Materials 194,280 Units started 44,600 Labour 52,960 Ending work in process 11,500 units Overhead 58,530 1/5 complete Prepare a production cost report for the welding department for the month of February. ( Round unit costs to 2 decimal places, e.g. 15.25.) BALOGH MANUFACTURING COMPANY Welding Department Production Cost Report For the Month Ended February 29, 2020 Equivalent Units Physical Conversion Quantities Units Materials Costs Total Units to be accounted for Work In process, February 1 Started Into production Total units Units accounted for Transferred out Work In process, February 29 Total units Costs Unit costs Costs In February Equivalent units Unit costsCosts to be accounted for Work In process, February 1 Started Into production Total costs Cost Reconciliation Schedule Costs accounted for Transferred out Work In process, February 29 Materials Conversion costs Total costs