Bluebird Company ( BC ) produces children's toys. Two departments, casting and molding, are involved in the manufacturing. The process starts in the casting department before the products move to the molding department. The following information is available for the month of May: The company had a total of 3,000 spoiled children's toys in May, out of which 2100 units were normal spoilage and the rest abnormal spoilage. The product is inspected at the end of the production process. Costs of production for May follows: Transferred in from the casting department into the molding department (units started) totaled 50,000 units of product in May. The competed units in molding department totaled 50,000 units. The firm uses the average cost method of process costing. Required: 1. Prepare a report for the molding department for the month of May. 2. What does it mean by transferred in cost? (22 Marks)