Weighted Average Process Costing

Minot Processing Company manufactures one product on a continuous basis in two departments, Processing and Finishing. All materials are added at

the beginning of work on the product in the Processing Department. During December, the following events occurred in the Processing Department:

Additional information follows:

Minot uses weighted average costing and applies manufacturing overhead to Work$-$in$-$Process at the rate of $100$ percent of direct labor cost.

Ending inventory in the Processing Department consists of $3,000$ units that are one$-$third converted.

Beginning inventory contained $2,000$ units, one$-$half converted, with a cost of $$35,900($ $$22,700$ for materials and $$13,200$ for conversion$).$

$($a$)$ Prepare a cost of production report for the Processing Department for December.

Do not use negative signs with any of your answers.

Round Cost per equivalent unit in process to two decimal places, if needed.