B (Total marks: 80 marks) Answer ALL questions. Round your answers to nearest 2 decimal places whenever necessary. Question 1 (26 marks) The ABC Company manufactures stationary that goes through two processing stages prior to completion. It uses weighted-average method for process costing. Information on work in the first department, Department A is given below for June: Units Materials Conversion Work in process inventory, 1 June Work in process inventory, 30 June 8,000 40% 10,000 60% 60% 40% Materials Conversion Work in process inventory, 1 June $12,220 $10,200 Cost added during June $109,460 $97,920 During June, 100,000 units were started in Department A. Required: a) Determine the number of units completed and transferred to the next department in June. b) Determine the equivalent units for June for Department A. c) Compute the costs per equivalent unit for June for Department A. (2 marks) (6 marks) (4 marks) d) Determine the total cost of ending work in process inventory and the total cost of units transferred to the next Department. e) Prepare a cost reconciliation report for Department A for June. (6 marks) (4 marks) f) Prepare the journal entries for the materials used by Department A in June and the transfer of costs from Department A to the next department, Department B. (4 marks)