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Production Cost Report: Meighted Average Method. Quality Confections Company manufactures chocolate bars in two prooessing departments, Mixing and Packaging, and uses the weighted average method for its process costing system. The table that follows shows information for the Mising department for the month of March. \begin{tabular}{l|r} \hline Unit Information (Measured in & Mising \\ \hline Beginning work-in-process inventory & 8,000 \\ \hline Started or transferred in during the month & 230,000 \\ Ending work-in-process inventory: 80 & \\ percent materials, 70 percent labor, and 60 & 6,000 \\ percent overhead \end{tabular} 1. Prepare a production cost report for the Mising department for the month of March. (Use the Exel format as demonstrated in the lecture, as outlined below] 2. Confirm that total costs to be acoounted for (from step 2) equals total costs acoounted for (from step 4); minor differences may ocour due to rounding the cost per equivalent unit in step 3 . 3. Acoording to the production cost report, what is the total cost per equivalent unit for the work performed in the Mixing department? Which of the three product cost components is the highest, and what percent of the total does this product cost represent