Weighted Average (W. Crum) Walden Company uses process costs, using the weighted-average-cost method. During the month of June, 1975, the cost data for Dept. 2 are as follows: 60,000 units were brought in from Dept. 1, with cost of $302,000 applied to them. Added materials of $164,920 were used in Dept. 2 in June, as well as conversion costs of $123,000. All finished product in Dept. 2 is transferred to Dept. 3. During June 70,000 units were completed in Dept. 2. Ending work in process at June 30 in Dept. 2 was composed of 10,000 units with 30 percent completion in this department.

Work in process in Dept. 2 at June 1 was composed of 20,000 units, 60 percent complete in this department, with $98,000 of Prior Dept. cost upon them, and $63,000 of materials added in Dept. 2, as well as $26,000 of conversion cost added in Dept. 2. Material in Dept. 2 is added at the halfway point. Both beginning and ending inventory are composed of a single identifiable batch of work.

Prepare process-cost report in good form for Dept. 2 for the month of June.

Use weighted-average costs and carry all unit costs to four decimals. Be sure to show equivalents units, costs of work completed and work in process. l-01