Tesla Corporation produces cars in a two step process. A neuro battery is created by mixing several chemicals in the Blending Dept. The liquid output of the Blending Dept. is transferred to the Finishing Dept, where another chemical is added to thin the mixture. The transported battery is then processed and transferred to Finished Goods Inventory to await sale. The company uses a process cost system, with a weighted average cost flow assumption in the Blending Dept. Data related to June operations are: Units in Beginning Inventory Blending $1,000 Finishing $ 1,400 Blending - 80% materials, 60% labor, 40% overhead) Finishing -50% materials, 60% labor, 80% overhead) Units Started in process in Blending Dept. this period $6,000 Units transferred from Blending To Finishing this period.............. $6,400 6,400 Units Added to process in Finishing Dept. this period............... 19,200 Units Transferred from Finishing To Finished Goods.... 26,000 Units in Ending Inventory: Blending (60% materials, 20% labor and 25% overhead) $600 Finishing (100% materials, 70% labor, And 70% overhead).... 1,000 Cost in Beginning Inventory: Cost from Preceding Dept. $ 8,450 Materials..... $ 19,620 1,395 Labor..... 944 106 Factory Overhead...... 2,375 659 Cost Added during the current period Materials... $129,100 28,305 Labor........ 6,880 19,919 Factory Overhead... 29,065 60,751 Required: Prepare a Cost of Production Report for the Blending Department using a. Weighted Average Method b. FIFO