1. Ayres Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process 300 Stage of completion with respect to materials 60% Stage of completion with respect to conversion 60% Costs in the beginning inventory: Materials cost RM1,314 Conversion cost RM6,102 Units started into production during the month 22,000 21,800 Units completed and transferred out Costs added to production during the month: Material cost Conversion cost RM164,436 RM728,058 500 Work in process, ending: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 60% 10% Required : Do the production report using Weighted Average method. (CO2) [17 M]