1. Refer to the following information about the Finishing Department in the Davidson Factory for the month of June. Davidson Factory uses the weighted-average method of inventory costing.

Beginning Work in Process inventory:

Physical units 5,000 units

% complete for materials 70%

% complete for labor and overhead 25%

Materials cost from May $7,350

Labor and overhead cost from May $3,125

Units started this period:

Physical units 44,000 units

Ending Work in Process inventory:

Physical units 4,000 units

% complete for materials 40%

% complete for labor and overhead 10%

Manufacturing costs for June:

Materials $96,975

Labor and overhead $79,470

Prepare a Process Cost Summary Report for Davidson Factory for June.

NOTE: for Cost per EUP, round to 3 decimal places; for Costs transferred out and Costs of ending WiP round to the nearest dollar.