Prepare a production cost report for your company using the weighted-average method .

Managerial Project Part 3 Because most of the parts for its irrigation systems are standard, Quick handles the majority of its manufacturing as a process cost system. There are multiple process departments. Three of these departments are the Molding, Cutting, and Welding departments All items eventually end up in the Package department which prepares items for sale in kits or individually. The following information is available for the Molding department for January. Work in process beginning: 22,000 units, Total costs in beginning work in process $254,190 Costs in work in process inventory: Materials $169,660, Labor 67,260, Overhead 17,270 Units started into production in January 60,000 Units completed and transferred-out in January 58,000 Costs added to production: Materials $264,940, Labor 289,468, Overhead 60,578 Total costs added into production in January $614,986 Work in process ending: Units in process 24,000 Stage of completion for materials 100% Stage of completion for labor and overhead 20%