The following data reports on the July production activities of the Molding department at Ash Company. Prepare the Molding department’s production cost report using the weighted average method.

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Beginning work in process Direct Materials Conversion Direct materials. $ 18,550 Units Percent Complete Percent Complete Conversion. 2,280 $ 20,830 Beginning work in process inventory ... 2,000 100% 20% Costs added this period Units started this period. 32,500 Direct materials 357,500 Completed and transferred out.. 32,000 Conversion 188,670 546,170 Ending work in process inventory...... 2,500 100% 60% Total costs to account for.. $567,000