Comprehensive Problem (Algo) LO 12-1, 12-2, 12-3, 12-4 During Year 3, Anywhere, Inc. (Al) incurred the following product costs. Raw materials $ 92,060 Labor 116,936 Overhead 73,000 The Year 2 ending balance in the Work in Process (WIP) account was $41,000. Accordingly, this is the beginning WIP balance for Year 3. There were 160 units of product in beginning WIP inventory. Al started 2,080 units of product during Year 3. Ending WIP inventory consisted of 145 units that were 60 percent complete Required Prepare a cost of production report by filling in the cells that are left blank Equivalent Unit Computations % Equivalent Units Complete Units Beginning inventory 160 Units started 2,080 Total units available for completion Units in ending inventory 145) % Units complete 2,095 Total equivalent units 2,182 Cost per Equivalent Unit Cost per Cost Units Unit Beginning inventory $ 41,000 Raw materials Labor Overhead 73,000 Total product cost 2,182 - Allocation of Product Cost Cost transferred to finished goods Cost in ending inventory $ 322,936 Total product cost