Production Cost Report: Weighted Average Method. Quality Confections Company manufactures chocolate bars in two processing departments, Mixing and Packaging, and uses the weighted average method for its process costing system. The table that follows shows information for the Mixing department for the month of March. Unit Information (Measured in Pounds) Mixing Beginning work-in-process inventory 8,000 Started or transferred in during the month 230,000 Ending work-in-process inventory: 80 percent materials, 70 percent labor, and 60 percent overhead 6,000 Cost Information Beginning Work-in-Process Inventory Direct materials $ 3,000 Direct labor $ 1,500 Overhead $ 2.200 Costs incurred during the Period Direct materials $103,000 Direct labor $ 55,000 Overhead $ 81,000 Required: 1. Prepare a production cost report for the Mixing department for the month of March. 2. Confirm that total costs to be accounted for (from step 2) equals total costs accounted for (from step 4); minor differences may occur due to rounding the cost per equivalent unit in step 3. 3. According 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