PRODUCTION REPORT, WEIGHTED AVERAGE Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (assume that units are measured in gallons):

Production:
Units in process, April 1, 60 percent complete 20,000 Units completed and transferred out 50,000 Units in process, April 30, 20 percent complete 10,000 Costs:
WIP, April 1 $ 93,600 Costs added during April 314,600 Required:
Prepare a production report for the cooking department.
Exercise