Prepare a production cost report for your company using the weighted average method

Managerial Project Part 3 Because most of the parts for its irrigation systems are standard, Quick handles the majority of its manufacturing departments. Three of these departments are the Molding, Cutting, and Allitems eventually end up in the Package department which prepares sale in kits or individually. as a process cost system. There are multiple process Welding departments. items for The following information is available for the Molding department for January. Work in process beginning: 22,000 units, Total costs in beginning work in Costs in work in process inventory: Materia ls S169,660, Labor 67,260,Overhead 17,270 Units started into production in January 60,000 Units completed and transferred-out in January 58,000 Costs added to production: Materials $264,940, Labor 289,468, Overhead 60,578-Total costs added into production in January $614,986 Work in process ending: Units in process 24,000 Stage of completion for materials 100% Stage of completion for labor and overhead 20%