8-59 (Static) Prepare a Production Cost Report: Weighted-Average Method (LO 8-3, 4) Mercier Manufacturing produces a plastic part in three sequential departments: Extruding, Fabricating, and Packaging. Mercier uses the weighted-average process costing method to account for costs of production in all three departments. The following information was obtained for the Fabricating Department for the month of September. Work in process on September 1 had 15,000 units made up of the following: Prior department costs transferred in from the Extruding Department Costs added by the Fabricating Department Direct materials Direct labor Manufacturing overhead Work in process, September 1 Amount Degree of Completion $ 75,750 100% $ 36,000 90% 9,300 70% 8,520 35% $ 53,820 $ 129,570 During September, 75,000 units were transferred in from the Extruding Department at a cost of $356,250. The Fabricating Department added the following costs: Direct materials Direct labor Manufacturing overhead Total costs added $ 214,200 64,800 33,480 $ 312,480 Fabricating finished 60,000 units and transferred them to the Packaging Department. At September 30, 30,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at September 30 was as follows: Direct materials Direct labor 100% 60 Manufacturing overhead 50 Required: a. Prepare a production cost report for September using the weighted-average method. Note: Round "Cost per equivalent unit" to 2 decimal places. Flow of Production Units Units to be accounted for: Beginning WIP inventory Units started this period Total units to be accounted for Units accounted for: Units completed and transferred out: From beginning inventory Started and completed currently Total transferred out Units in ending WIP inventory Total units accounted for MERCIER MANUFACTURING Fabricating Department Production Cost Report-Weighted-Average Prior Physical Units Total Costs Department Materials Labor Manufacturing Overhead Costs 0 0 0 0 0 0 0 Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit: Prior department costs Materials Labor Manufacturing overhead Costs accounted for: Costs assigned to units transferred out: Prior department costs Materials Labor Manufacturing overhead Total costs of units transferred out $ 0 $ 0 S 0 $ 0 $ 0 $ 0 Costs assigned to ending WIP inventory: Prior department costs Materials Labor Manufacturing overhead Total ending WIP inventory Total costs accounted for $ 0 $ 0 $ 0 $ 0 S 0 $ 0