1. Explain the difference between sequential, parallel, and selective product flow? 2. PT. ABC produces one product in 2 departments. Since there is only one identical product produced, the costing system is based on a process-costing mechanism. The company uses a weighted average cost flow assumption to account for work in process inventory. Data related to August 2019 operations in Department1 are Number of units in beginning inventory 600 Number of units started to be processed during the current period 2.000 Number of units transferred to Department 2 during the current period 1.900 Number of units of ending work-in-process inventory Department 1 (80% completed for raw materials, 30% for Labor, and 25% for overhead 700 Fees charged to Initial inventory Added in Current Month Department1 Raw material 10.350.000 67.140.000 Direct Labor 3.350.000 7.622.000 Factory Overhead 3.500.000 20.051.250 Prepare a February 2008 production cost report for Department1d