Minot Processing Company manufactures one product on a continuous basis in two departments, Processing and Finishing. All materials are December, 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 Direct labor costs incurred Supervisors' salaries Other production labor costs Depreciation on equipment Other production costs 18,000 51,000 12,000 14,000 6,000 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 cos 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 $34,500 ($24,500 for materials and $10,000 for conversion). (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.