Weighted Average Process Costing Assume that JIF, which is part of J.M. Smucker Company,processes its only product, 12-ounce jars of peanut butter, in a single process and uses weighted average process costing to account for inventory costs. All materials are added at the beginning of production. Assume the following in- ventory, production, and cost data are provided for September 2014: Production data Beginning inventory (25% converted). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 220,000 units Ending inventory (50% converted) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180,000 units Manufacturing costs Beginning inventory in process: Materials cost...._._._. 88,000 Raw materials cost added at beginning o Direct labor cost incurred Manufacturing overhead applied 410,000 333,600 Required a. Prepare a cost of production report for September. b. Prepare a statement of cost of goods manufactured for September