Question: Crane Company uses the weighted - average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are

Crane Company uses the weighted-average process cost system. The Molding Department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. Work in Process Inventory on May 1 was 75% complete as to conversion costs and Work in Process Inventory on May 31 was 60% complete for conversion costs.
Complete the Production Cost Report for the Molding Department for the month of May using the above information and the information below. (Round unit costs answers to 2 decimal places, e.g.52.75.)
\table[[,,\table[[CRANE C],[Molding D],[Production],[e Month En]],],[,,,],[,\table[[Physical],[Units]],Materials,\table[[Conversion],[Costs]]],[zcounted for,,,],[icess, May 1,8,320,,],[, production,33,280,,],[,41,600,,],[ted for,,,],[and transferred out,36,400,,]]

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