Study the information provided below and prepare the Process Cost Report for Process 2 using the weighted average method. The report must include the following:1. Quantity Statement 2. Cost Statement 3. Cost Allocation Statement

Please answer question 4

Question attached in image below REQUIRED Complete the valuation of completed and transferred out units. Round to two (2) decimal places.       R Opening WIP costs   Costs to complete opening WIP        - Materials        - Conversion

Compute cost per equivalent unit of production for both direct materials and conversion. For the first column under "cost per equivalent unit of production" the options are: costs added this period, costs of beginning work in process, costs of ending work in process, costs transfered out. The rest of the empty spaces are numbers

I need to finish with these three questions and need help please. Journalize the entries for costs transferred from Milling to Sifting and the costs transferred from Sifting to Packaging.      2. Determine the increase or decrease in the cost per equivalent unit from June to July for direct materials and conversion costs.   3.Discuss the uses of the cost of production report and the results of part (c).

Compute equivalent units of production for both direct materials and conversion. For the first two columns above "total units" the options are: beginnings work in process - units, completed and transferred out, ending work in process, total units accounted for, units started this period. for the rest of the empty spaces, you use numbers

Using the following terms, prepare the worksheet to show the calculation to answer the question: Units completed and transferred out Cost per material Cost per conversion Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Total units accounted for Costs to account for Question: Given the following information, determine the equivalent units of ending work in process for materials and conversion under the weighted-average method: beginning inventory of 2.500 units is 100% complete with regard to materials and 60% complete with regard to conversion • 18,000 units were started during the period • 17,500 units were completed and transferred · ending inventory is 100% complete with materials and 65% complete with conversion PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Units to Account For: Units Units Accounted For: Total Units Material Units Conversion Units

Computing Equivalent Units, FIFO and Weighted Average Cost Methods Assume each of the following conditions concerning the data given: All materials are added at the beginning of the process. All materials are added at the end of the process. (Note that this would have to be a department subsequent to the first department for all materials to be added at the end of the process, but ignore that fact for purposes of this solution.) Half of the materials are added at the beginning of the process, and the balance of the materials is added when the units are three-fourths completed. In all cases, labor and factory overhead are added evenly throughout the process.

The cost behavior patterns below are lettered A through H. The vertical axes of the graphs represent total dollars of expense, and the horizontal axes represent production in units, machine hours, or direct labor hours. In each case, the zero point is at the intersection of the two axes. Each graph may be used no more than once. Required: Select the graph that matches the lettered cost described here. a. Depreciation of equipmentthe amount of depreciation charged is computed based on the number of machine hours that the equipment was operated. b. Electricity billflat fixed charge, plus a variable cost after a certain number of kilowatt hours are used. c. City water billcomputed as follows: d. Depreciation of equipmentthe amount is computed by the straight-line method. e. Rent on a factory building donated by the citythe agreement calls for a fixed fee payment, unless 200,000 labor hours are worked, in which case no rent need be paid. f. Salaries of repair workersone repair worker is needed for every 1,000 machine hours or less (i.e., 0 to 1,000 hours requires one repair worker, 1,001 to 2,000 hours requires two repair workers, etc.).