(SO 3, 4, 5) Complete the four steps necessary to prepare a production cost report. P4-54B Meetha Corporation is in the candy manufacturing business. Products go through two production departments (A first, then B). Data from those departments for September 2016 are presented below Department B Beginning workBeginning work artment A in process n process Number of units % complete for materials % complete for transferred-in % complete for conversion Total materials cost Total conversion cost Total transferred-in costs 1,000 200 100% 100% 6096 30% $24,000 $30,000 $40,000 $15,000 Ending work in process Ending work n process Number of units % complete for material % complete for transferred-in % complete for conversion 300 600 100% 100% 30% 40% Meetha Corporation started 2,600 units of product during the month in department A. Costs incurred in department A for September 2016 totalled $64,000 for material and $132,000 for conversion. Additionally, department B incurred conversion costs in September 2016 of $600,000. Department B adds no materials to the product. Instructions (a) Journalize the transfer of goods from department A to department B during September 2016. Meetha Corporation (a) $226,022 (b) Transferred out: accounts for its costs using the FIFO method. (b) Prepare a production cost report for department B for September 2016