Process Costing -Weighted Average General Information The I See The Light Company has a related in the molding department The factory ove The material is added at the beginning of the to be added uniformly ad is applied at a rate of 50% of direct labor dollars. e process. The labor and overhead costs are assumed that company that produces the figurines. They use process costing throughout Month of January Selected information for January is presented below. Note that th 50% of direct labor costs in the molding department. e applied overhead rate was Molding Department Goods in-process as of January 1 were 3,600 figurines at a cost of $25,965.00 raw materials added, $15,870.00 for labor and $7,935.00 for overhead. These 3 30.00% complete as to labor and overhead. . Of this amount, $2,160.00 was from 3,600 figurines were assumed to be units were started, $14,260.00 of materials and $59,235,.00 of labor costs were incurred The 6,500 figurines that were labor and overhead in-process at the end of January were assumed to be 90.00% complete to All figurines in January passed inspection. January MOLDING Physical Flow of Units Work-in-Process - Beginning Units Started this Period Units to Account for (12.01) (12.02) Total transferred out Work-in-Process-Ending Total Accounted for (12.03) Equivalent Units Material(Roundt threeplace ###"###) (12.04) valent Units conversion(Round tothree laces ######## (12.05 Total cost of Material (Round to two places. ### 12.06 (12.07 Total cost of Conversion (Round to two places. ## # Total cost to account for Round to two places. ## (12.08 Cost per equivalent unit of Materia Round seven laces,##########) (12.0 Cost per equivalent unit of Conversion (Round to seven places (12. Round to two places. sea#,0## ## Cost of the ending inventory, material and convescn (12 cal of the units transferred, matenal and convesion (Round to two places, mam#