n its Department R, Pecyciers, inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the products at cos The drect materials costs are zero, but the aperatian requires the use of direct labor and averhead. The company uses a proces costing system and tracks the processing volume and costs incurred in each periad. At the start of the current periad, 450 tawels wer n process and were 60 percent complete. The costs incurred were $1,293. During the month, costs of $18,000 were incurred, 3,000 towels were started, and 225 towals were still in process at the end of th month. At the end of the month, the towels were 20 percent complete. iequired: a. Prepare a production coat report; the company uses weighted average process costing. b. Show the flow of costs through T-accounts. Assume that current periad cormersion costs are credited to variaus payables. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a production cost report; the company uses weighted-average process costing. (Round "Comversion costs" to 2 decimal places.) In its Department R, Fecyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shaps. It selis the products at cost. The direct materials costs are zero, but the operation requires the use of direct labor and averhead. The company uses a process costing system and tracks the processing volume and costs incurred in each periad. At the start of the cument periad, 450 tawels were in process and were 60 percent complete. The costs incurred were $1,293. During the month, costs of $18,000 were incurred, 3,000 tawels were started, and 225 towels were still in process at the end of the month. At the end of the month, the towels were 20 percent complete. Required: a. Prepare a production coat report; the company uses weighted average process costing b. Show the flow of costs through T-accounts. Assume that current periad corversion costs are crediced to variaus payables. Answer is not complete. Complete this question by entering your answers in the tabs below