Chase Sports is a manufacturer of sportswear. It produces all of its products in one department. The information for the current month is as follows:

Beginning work-in-process		20,000 units
Units started		40,000 units
Units completed and transferred out		50,000 units
Ending work in process		8,000 units
Beginning work-in-process direct materials		$12,000
Beginning work-in-process direct conversion		$4,000
Direct materials added during month		$60,000
Conversion costs added during month		$30,000

Beginning work-in-process was half complete as to conversion. Direct materials are added at the beginning of the process. Ending work-in-process was 60% complete. Normal spoilage is considered to be 3% of good units completed and is detected at the end of the process.

Required (10 points):

Prepare a production cost worksheet if spoilage is recognized and the weighted-average method is used.