Germain Company uses weighted average process costing to determine product costs. At the beginning of last month 8,000 units were 60% complete. An additional 70,000 units were started. At the end of the month 12,000 units were still in process and were 40% complete. Materials are added at the beginning of the process. Labor is incurred when the units are one-half complete, and overhead costs are incurred uniformly. Costs for beginning WIP were $18,000 for materials, $38,000 for labor, and $12,000 for overhead. Costs incurred during the month were $138,000 for materials, $292,000 for labor, and $200,400 for overhead.

REQUIRED
Prepare a process cost report under the weighted average method.