Problem 3 (Textbook Reference: P3-2A) -Prepare a production cost report The following data pertain to a production center of Sunbelt Company, a maker of sunscreen products Units 70,000 S Materials Costs Im entory, October 1 Placed in production in October Imentory, October 31 Conversion Costs 16,000 18,200 12,000 S 200,000 20,400 $ 100,000 The October 31 100% complete as to matenals and 20% complete as to conversion costs. Required: Prepare a production cost report for the month ended October 31, using the average cost method. **A production report template has been provided on the next page*