Question Two Kristy Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: Work in process, beginning 300 Units in process 60% Stage of completion with respect to materials 30% Stage of completion with respect to conversion Costs in the beginning inventory: $342 Materials cost Conversion cost $2,394 21,000 20,700 Units started into production during the month Units completed and transferred out Costs added to production during the month Materials cost Conversion cost $44,136 $546,750 Work in process, ending: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 600 80% 30% Prepare a production report for the department using the weighted-average method a summary of equivalent units, assigned costs, and reconciliation)