Prepare a production cost report using the weighted average method and show the journal entry for transferring units from the molding to the welding department. I think I have it done correctly, but would like to see!

Work in process beginning:
Units in process	24,000
Stage of completion for materials	80%
Stage of completion for labor and overhead	30%
Costs in work in process inventory:
Materials	$172,460
Labor	68,900
Overhead	141,300
Total costs in beginning work in process	$382,660
Units started into production in January	71,000
Costs added to production:
Materials	$378,605
Labor	690,080
Overhead	1,383,160
Total cots added into production in January	$2,451,845
Work in process ending
Units in process	21,000
Stage of completion for materials	75%
Stage of completion for labor and overhead	20%