I need a production cost report using the weighted-average method.

The following information is available for the Molding department for January.

Work in Process beginning: 22,000 units, Total costs in the beginning work in process 252,854

Costs in work in process inventory: Materials 168,020, Labor 67,564, Overhead 17,270

Units started into production in January 55,000

Units completed and transferred-out in January 48,000

Costs added to production: Materials $294,750, Labor 289,468, Overhead 58,348 = Total costs added into production in January 642,566

Work in process ending:

Units in process 29,000

Stage of completion for materials 100%

Stage of completion for labor and over head 10%