Wetzel Manufacturing Company has two departments, Assembly and Finishing. The following data for the Assembly Department for June Year 2 is provided: Direct Units % Complete Material Direct Labor Overhead Total Beginning work in process Started during the month 500 75% $9,500 1,500 Completed during the month 1,750 Ending work in process Costs added during month 250 40% $18,276 $7,620 $4,564 $30,460 Required: a. Prepare a cost of production report for the Assembly Department. Wetzel uses the weighted average method to determine equivalent units. Cost of Production Report Assembly Department Month Ended June 30 Equivalent Actual Units Determination of Equivalent Units Beginning inventory Units started Total Transferred to Finishing Department Ending inventory Total Determination of Cost per Unit Cost accumulation: Beginning inventory Materials Labor Overhead Total product costs Divide by equivalent units Cost per equivalent unit Cost Allocation Transferred to Finishing Department Ending work in process inventory Total