The following data reports on the July production activities of the Molding department at Ash Company. Exercise 20-14 Prepare the Molding department's production cost report using the weighted average method. Weighted average: Production cost report P2 Beginning work in process Direct materials... $ 18,550 Units Conversion.......s 2,280 $ 20,830 Costs added this period Beginning work in process inventory... 2,000 Units started this period... Direct Materials Percent Complete Percent Complete 100% 20% Conversion 32.500 Direct materials........ 357,500 Completed and transferred out. 32,000 Conversion.... Total costs to account for... 188,670 546,170 $567,000 Ending work in process inventory.....2,500 100% 60%