Production Report, Weighted Average Washburn Inc. manufactures precision tools in two departments: molding and finishing. Washburn uses the weighted average method. Manufacturing costs are added uniformly throughout the process. The following are cost and production data for the molding department for June: Production: 15,000 Units in process, June 1, 50% complete 102,000 Units completed and transferred out Units in process, June 30, 60% complete 30,000 Costs: WIP, June 1 $180,000 Costs added during June 3,420,000 Required: Prepare a production report for the molding department. If an amount box does not require an entry, leave it blank or enter "0" Washburn Inc. Molding Department Production Report For the Month of June (Weighted Average Method) Unit Information Physical flow: Units to account for: 15,000 Units in beginning WIP 117.000 Washburn Inc. Molding Department Production Report For the Month of June (Weighted Average Method) Unit Information Physical flow: Units to account for: 15,000 Units in beginning WIP 117,000 Units started 132,000 Total units to account for Units accounted for: 102,000 Units completed 30,000 Units in ending WIP 132,000 Total units accounted for Equivalent units: Units completed 102,000 18,000 Units in ending work in process 120,000 Total equivalent units Cost Information Costs to account for Cost Information Costs to account for: Beginning work in process 180,000 3,420,000 Incurred during October 3,600,000 Total costs to account for 30 Cost per equivalent unit Costs accounted for: Ending Work in Process Total Transferred Out 540,000 X $ 3,600,000 X 3,060,000 Goods transferred out 3,420,000 X 180,000 X 3,600,000 X Goods in ending work in process 7,200,000 X 6,480,000 X 720,000 Total costs accounted for