COST OF PRODUCTION REPORT: TWO MONTHS-WEIGHTED AVERAGE The Four-Eyes Optical Company manufactures eyeglass frames. In Department 3, the final processing department, the ornamentation is added to the frames at the beginning of the process. Direct labor and factory overhead are incurred evenly throughout the process. The department uses weighted average costing. ODUCT COSTING An examination of the records for Department 3 revealed the following for a 2-month period: APRIL MAY Units: Beginning units in process (100% direct materials; 45% conversion costs) 89,000 Units received from preceding department 274,000 252,000 Units transferred to finished goods inventory 300,000 295,000 Ending units in process: 100% direct materials; 25% conversion 63,000 100% direct materials: 50% conversion 20,000 Costs: Beginning work-in-process inventory: From preceding department $1,427,500 Direct materials 12,380 Direct labor 65,200 Factory overhead (applied) 19,025 Costs transferred in during the period 5,560,250 $4,788,000 Costs added during the period: Direct materials 89,260 76,860 Direct labor 200,030 249,070 Factory overhead (applied) 549,325 529,800 Required: Prepare Department 3's cost of production report for April and May