es cess Ch. 4 Homework ABC Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month Work in process, begring 300 Stage of completion with respect to materials 67% Stage of completion with respect to convertin 11 Costs in the begiventory Manals cost $1296 Correron Cost Urats started to production dang the month 16.00 Unts completed and transferred or 16.500 Costs added to productes during the month Materials cost 577076 Converter $497.213 300 Work in process, eodeg Us process Stage of completion with respect to matemals Stage of completion with respect to commersion OS Required Prepare a production report for the department using the weighted aree method Ch. 4 Homework ABC Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning Units in process. Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the beginning inventory Materials cost Conversion cost. 800 60% 10% $1,296 $2,416 16,000 Units started into production during the month Units completed and transferred out. 16,500 Costs added to production during the month: Materials cost... Conversion cost $77.076 $497,213 Work in process, ending Units in process 300 Stage of completion with respect to materials 50% Stage of completion with respect to conversion. 60% Required: Prepare a production report for the department using the weighted average method