LOS P18-38. Weighted Average Process Costing Minot Processing Company manufactures one product on a continuous basis in two departments, Pro- cessing and Finishing. All materials are added at the beginning of work on the product in the Processing Department. During November, the following events occurred in the Processing Department: Units started 20,000 units Units completed and transferred to Finishing Department 21.000 units NIBO Costs assigned to processing Raw materials... Manufacturing supplies used Direct labor costs incurred Supervisors' salaries. Other production labor costs Depreciation on equipment Other production costs $350,000 25,000 182,000 15,000 18,000 12,000 95.000 Additional information follows: Minot uses weighted average costing and applies manufacturing overhead to Work in Process at the rate of 90% of direct labor cost, Ending inventory in the Processing Department consists of 3.000 units that are one-fourth converted. Beginning inventory contained 4,000 units, one-half converted, with a cost of $57.950 (534.000 for materials and $23,950 for conversion) Required Prepare a cost of production report for the Processing Department for November 5. Prepare an analysis of all changes in Work in Process