Nicks Nuts and Bolts Inc. reported the following data for the month of September:

Conversion

Units Percentage Complete

Work in process, September 1 2,500 60%

Units started 7,000

Completed and transferred out 7,500

Work in process, September 30 2,000 10%

Costs for September Materials Conversion

Work in process, September 1 $37,875 $17,800

Added in September $50,000 $90,000

Nicks uses the weighted-average method of process costing, and all materials are added at the start of the process. Each unit contains 100 bolts.

Instructions

Prepare a production cost report for September using the weighted-average method of process costing.