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 2009, 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 $33,900($19,100 for materials and $14,800 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. (b) Prepare an analysis of all changes in Work-in-Process. Do not use negative signs with any of your answers