Minot Processing Company manufactures one product on a continuous basis in two departments, Processing and Finishing. All materials are added at the beginning of work on the product in the Processing Department. During December 2009, the following events occurred in the Processing Department: Units started 16,000 units Units completed and transferred to Finishing Department 15,000 units Costs assigned to processing: Raw materials (one unit of raw materials for each unit of product started) $142,900 Manufacturing supplies used 18,000 Direct labor costs incurred 51,000 Supervisors' salaries 12,000 Other production labor costs 14,000 Depreciation on equipment 6,000 Other production costs 18,000 Additional information follows: Minot uses weighted average costing and applies manufacturing overhead to Work-in-Process at the rate of 100 percent of direct labor cost. Ending inventory in the Processing Department consists of 3,000 units that are one-third converted. Beginning inventory contained 2,000 units, one-half converted, with a cost of $33,900 ($19,100 for materials and $14,800 for conversion). Cost of Production Report Work-in-Process Analysis (a) Prepare a cost of production report for the Processing Department for December. Do not use negative signs with any of your answers. Round Cost per equivalent unit in process to two decimal places, if needed.

Minot Processing Company: Processing Department Cost of Production Report For the Month Ending December 31, 2009 Summary of units in process: Beginning Units started In process Completed Ending Equivalent units in process: Units completed Plus equivalent units in ending inventory Equivalent units in process Total cost to be accounted for and cost per equivalent unit in process: Beginning work-in-process Current costs Total cost in process Equivalent units in process Cost per equivalent unit in process Accounting for total costs: Transferred out 0000 Ending work-in-process: Materials Conversion Total cost accounted for