1 (20 marks) Nick's Nuts and Bolts Inc. reported the following data for the month of September: Units Work In process, September 1 2,500 Units started 7,000 Completed and transferred out 7,500 Work In process, September 30 2,000 Costs for September Materials Work In process, September 1 $37,875 Added In September $50,000 Conversion Percentage Complete 60% 10% Conversion $17,800 $90,000 Nick's uses the weighted-average method of process costing, and all materials are added at the start of the process. Each unit contains 100 bolts. Instructions Prepare a production cost report for September using the weighted-average method of process costing