Zee manufacturing company produces a single product which goes through one process only. Themanufacturing cycle takes a month. The company started its manufacturing operation on January 1,2021and costs of production for this month were as follows:Material ₱ 41,412;Labor ₱ 32,054;FOH ₱ 23,870The production statistics for the month were as follow:Units completed and transfer to finished goods store 6,500Unit in Process on January 31,2021 was 1,600 (Material 40%, Labor and FOH 20 per cent)Requirement: Prepare the Cost of Production Report at the end of January 2021.