2) Marshall Company uses the weighted-average process costing in accounting for its production activities. Materisis are added at the beginning of the process and conversion costs are incurred uniformiy throughout the process. August's production records indicate the following information: Beginning work in process inventory (40%) Started during August Completed and transferred out Ending work in process inventory (20%) Quantities: XX,000 units 11,000 units 10,000 units Beginning WIP inventory costs: $500 400 240 August production costs: $4,440 8,000 4,610 Direct materials Direct labor Factory overhead Direct materials Direct labor Factory overhead Required: Prepare a production cost report for the Marshall Company. In your report, combine direct labor and factory overhead into a single cost pool for conversion costs. Do it first using the weight- average method. Repeat using the FIFO method