Problem 3: Process CostingWeighted Average Method AgroWorld company manufacture a highquality fertilizer, which is used primarily by commercial vegetable growers. Two departments are involved in the production process. In the Mining Department, various chemicals are entered into production. fter processing, the Mining Deparorient transfers chemical called Chemgro to the Finishing Deparnneni. There the product is completed, packaged, and shipped under the brand named Vegegro. In the Mining Department, the raw material is added at the beginning of the process. Labour and overhead are applied continuously throughout the process. All departmental overhead is traced to the departments, and plant overhead is allocated to the departments on the basis of directlabour. The plant overhead rate for 21r2 is $.4 per directlabour dollar. The following information relates to production during November 20112 in the Mixing Department. a. Work in process, November 1 [4, [Hit] pounds, 25 percent complete as to conversion]: Raw material $22, B Direct labour at $5.01} per hour 24, 651i] Departmental overhead 12, Allocated plant overhead '3, BED b. Raw material: Inventory, November 1, 2i] pounds $1i], Purchases, November 3, 1i] {Jill} pounds 51, Gilt] Purchases, November 13, 1D ' pounds 51, Silt] Released to production during November, l,{1[} pounds Directlabour cost, $103, 351} Direct departmental verhead costs, $ 52, {Jill} Transferred to Finishing Department, 15, ' pounds Work in process, November 30, S pounds, 21] percent complete rhrnoip