1. How would you define Weighted-Average Process Costing Method? Why would some companies prefer to use it?

2. Prepare a production cost report using the weighted-average method. Use the template on the next page (fill in the highlighted cells) and round up the Cost per equivalent unit to 2 digits.

Project Description: Rondelle Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three separate departments: Molding, Assembling, and Packaging. The following information was obtained for the Assembling Department for the month of April. Work in process (WIP) on April 1 had 75,000 units made up of the following: During April, 375,000 units were transferred in from the Molding Department at a cost of $960,000. The Assemblin Department added the following costs. Assembling finished 300,000 units and transferred them to the Packaging Department. At April 30, 150,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at April 30 was as follows