Process Costing: weighted average method Required: make a cost of production report in good form.

Cost of Production Report-Weighted Average First Dept- Gem Company applies 100% of materials at the start of processing in D Conversion costs are evenly applied: The August data are shown below: Units in process-Aug 1 Conversion costs 40% Units transferred out Units completed, still on hand Units in process, Aug 31, conversion costs 45% Work in process, Aug. 1: From preceding dept: Material costs Labor costs Applied OH Cost added in August 7,000 18,000 16,000 6,000 24,500 11,400 9,500 45,400 Material costs 115,500 Labor costs 48,700 Applied OH 40,500 204,700 250,100