Minot Processing Company manufactures one product on a continuous basis in two departments, Processing and Finishing.

Weighted Average Process Costing 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 November 2017, the following events occurred in the Processing Department: Units started 17,000 units Units completed and transferred to Finishing Department 14,500 units Costs assigned to processing Raw materials (one unit of raw materials for each unit of product started) $296,200 Manufacturing supplies used 18,000 Direct labor costs incurred 103,000 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 4,500 units that are one-third converted. Beginning inventory contained 2,000 units, one-half converted, with a cost of $27,300 ($17,300 for materials and $10,000 for conversion). (a) Prepare a cost of production report for the Processing Department for November Do not use negative signs with any of your answers. Cost per equivalent unit in process (Round answers two decimal places.) TULLJJ Puimu Cost of Production Report For the Month Ending November 30, 2017 Summary of units in process: Beginning 2,000 Units started 17,000 In process 19,000 Completed 14,500 Ending 4,500 Equivalent units in process: Materials Conversion Total Units completed 14,500 14,500 Plus equivalent units in ending inventory 4,500 1,500 Equivalent units in process 19,000 16,000 Total cost to be accounted for and cost per equivalent unit in process: Beginning work-in-process $ 17,300 $ 10,000 $ 27,300 Current costs Total cost in process 0 $ Equivalent units in process 19.000 16.000 0 $ Accounting for total costs: Transferred out Ending work-in-process: Materials Conversion Total cost accounted for (b) Prepare an analysis of all changes in Work-in-Process. Do not use negative signs with any of your answers. Work-in-process: $ 27,300 Beginning Current manufacturing costs: Direct materials Direct labor Applied overhead Total Cost of goods manufactured Ending