The Dexter Production Company manufactures a single product. Its operations are a continuous process carried on in two departments—Machining and Finishing. In each production process, direct materials are added to the product in each department without increasing the number of units produced.

For the month of June 19X5, the company records indicated the following production statistics for each department: mlp7

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Units in process, June 1, 19X5 Units transferred from preceding department Units started in production Units completed and transferred out Units in process, June 30, 19X5 Units spoiled in production Percentage of completion of units in process at June 30, 19X5: Direct materials Direct labor Factory overhead Machining department Finishing department 0 0 60,000 80,000 0 60,000 50,000 20,000 8,000 0 2,000 100% 100% 50% 70% 25% 70%. The units spoiled in production had no scrap value and were 50% complete as to direct material, direct labor, and factory overhead. The company's policy is to treat the cost of spoiled units in production as a separate element of cost in the department in which the spoilage occurs. Cost records showed the following charges for the month of June: Direct materials Direct labor Factory overhead (applied) Finishing department Machining department $240,000 140,000 65,000 $ 88,500 141,500 25.700 Required: Prepare a cost of production report for June for both departments. (Assume spoilage was normal and that weighted average costing was used.)