Norton Parts, Inc., manufactures fenders for automobiles. Each fender passes through three processes: Molding, Drilling, and Painting. In March, the Molding Department of the Detroit plant reported the following data: Production: Units in process, March 1 3,000 units (60% complete with materials: 20% complete with conversion) Units completed and transferred-out 9,000 units Units in process, March 31 1,000 units (40% complete with materials; 25% complete with conversion) Costs: Work-In-Process, March 1: Materials $ 90,000; Conversion $ 27,600 Costs added during March: Materials $192,000; Conversion $434,900 Using the Weighted-Average method, prepare the production cost report. Use the format provided on the Canvas homepage! Production Report Physical Units Flow of Units Units to be Accounted for Begin WIP(M%, C %) Units Started Total Units to be Accounted for Equivalent Units Materials Conversion Units Accounted for as follows Completed & Tran. Out End WIP (M%, C %) Total units Accounted for Tex Total Materials Conversion Flow of Cost Cost to be Accounted for Begin WIP Cost Cost added in current preiod Total Cost to be Accounted for Cost per EU $30.00 $50.00 Cost Accounted for as follows Completed & Tran. Out End WIP Total Cost Accounted for $24,500.00 $744,500.00