Production records show that there were450units in the beginning inventory 30% complete1410units started and1420units transferred out. The beginning work in process had materials cost of $2960and conversion costs of $1710. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process.Warning Dont show me this message again for the assignmentPart 2Total estimated overhead costs are $302200. Overhead cost allocated to the machining activity cost pool is $199400 and $102800is allocated to the machine setup activity cost pool.Warning Dont show me this message again for the assignment