18. 20% Weather Instruments assembles products from component parts. It has two departments (Assembly and Finishing) that process all products. This question focuses on the finishing department: The following information pertains to the finishing department Beginning work in process in the finishing department was 50% complete as to conversion and ending work in process was 40% complete as to conversion. Direct materials are added at beginning of the process. Beginning Work in process included $20,000 for transferred-in costs, $8,000 for Direct Materials, and $10,000 for conversion costs. Additional information about the finishing department follows: 11 Joentries Finishing Beginning work-in-process units 24,000 Units started this period 50,000 Units completed this period 54,000 Ending work-in-process units 20,000 15 Costs added this period: Direct material costs added $30,000 a 0,600 - 50.000 Transferred in Costs $36,000 10.000 - 40.000 Conversion costs added: 2 13 +2 Bonus $28,000 8700 - 2601000 Required: Using the Wt. average method: (Show Calculations for partial credits) a. Prepare a process costing system using Wt. average for the Finishing Department. 15% tha nanacearu inurnal entries to record all transactions for the company's Finishing Department. (5%)