Calculating Physical Units and Equivalent Units (Weighted-Average Method) for a Subsequent DepartmentCrayons Forever uses a three department production process to produce its crayons. The Molding Department, Labeling Department and Packaging Department. During the month of May, the Molding Department completed and transferred 4,800,000 molded crayons, with a cost of $240,000, to the Labeling Department. The labeling materials are added at the beginning of the process. At the beginning of May, the Labeling Department had 200,000 molded crayons in beginning work in process, 25 percent through the labeling process. At the end of May, 360,000 molded crayons were on hand, 65 percent of the way through the labeling process. Using the weighted-average method, reconcile the number of physical units and calculate the number of equivalent units for the Labeling Department for the month of May. Transferred-in costs are treated as materials added at the start of the labeling process.