Problem 6-45 Weighted Average Cost Method, Nonuniform Inputs Sherbrooke Toboggan Company manufactures toboggans for the Canadian market. The product goes through three manufacturing processes: forming, sealing, and assembly. In the forming department, the wood is shaped into the proper form; in the sealing department, a lacquer is applied to seal the wood and give it a satin finish; in the assembly department, the wood is assembled into the final product and cushions and rope are attached to the toboggan. The company uses the weighted average cost method to calculate production costs, and materials are added in the sealing department at the beginning of the process. During August, the following information was determined for the sealing department: Required: 1. Prepare a cost of production report for the sealing department for August, including all five steps. (Take all calculations to four decimal places.) 2. Determine the unit cost in the previous period in the sealing department. Problem 6-45 Weighted Average Cost Method, Nonuniform Inputs Sherbrooke Toboggan Company manufactures toboggans for the Canadian market. The product goes through three manufacturing processes: forming, sealing, and assembly. In the forming department, the wood is shaped into the proper form; in the sealing department, a lacquer is applied to seal the wood and give it a satin finish; in the assembly department, the wood is assembled into the final product and cushions and rope are attached to the toboggan. The company uses the weighted average cost method to calculate production costs, and materials are added in the sealing department at the beginning of the process. During August, the following information was determined for the sealing department: Required: 1. Prepare a cost of production report for the sealing department for August, including all five steps. (Take all calculations to four decimal places.) 2. Determine the unit cost in the previous period in the sealing department