Managerial Accounting Exam Chapters 4-6 Spring 2022 Problems: 1) Bachelet Incorporated 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 Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost 400 90% 40% $ 756 $ 4,448 13,000 13,300 $ 29,949 $ 362,127 Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 100 50% 30% Required: Prepare a complete Process costing Production Report for the month above.