05 The following data have been compiled for MVP's Cutting Department for the month of June. Direct material is placed into production at the beginning of the process. Conversion activity occurs uniformly throughout the production process. HERRER $ 73,750 46,000 $119,750 40,000 60,000 Work in process, June 125,000 units Direct malertal: 100% complete, cost of Conversion 40% complete, cost of Balance in work in process, June 1 Units started during June Units completed during June and transferred out Work in process, June 30: Direct material: 100% complete Conversion: 60% complete Costs incurred during June Direct material Conversion costs: direct labour and applied manufacturing overhead $121,250 $237,500 Required: Prepare the Cutting Department's June production report using weighted average process costing