Process Costing Project Description: Rondelle Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three separate departments: Molding, Assembling, and Packaging. The following information was obtained for the Assembling Department for the month of April. Work in process (WIP) on April 1 had 75,000 units made up of the following: During April, 375,000 units were transferred in from the Molding Department at a cost of $960,000. The Assembling Department added the following costs. Assembling finished 300,000 units and transferred them to the Packaging Department. At April 30, 150,000 units were still in work in -process inventory. The degree of completion of work in -process inventory at April 30 was as follows. Refer to your textbook (Chapter 8pp. 337-343) and artide "Weighted Average Cost Method of Calculating Inventory and answer the questions below: 1. How would you define Weighted-Average Process Costing Method? Why would some companies prefer to use it? 2. Prepare a production cost report using the weighted-average method. Use the template on the next page (fill in the highlighted cells) and round up the "Cost per equivalent unit" to 2 digits