Edit Page Protect Tools 100% 215 Rotate @ DD- Auto Scroll Read Mode Background" Screen Grab Find and Rep The assembly department of TUV Ltd. maintains a process costing system that uses the FIFO cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During August, RM380,000 of materials costs and RM271,000 in conversion costs were charged to the department. The beginning work in process inventory was RM186,000 on August 1, 20X4, comprised of RM160,000 of materials costs and RM26,000 of conversion costs. Other data for the month of August are as follows: Beginning work in process inventory, August 1, 20X4 Units completed and transferred out Ending work in process inventory, August 31, 20X4 50,000 units (40% complete) 180,000 units 60,000 units (25/% complete) Required: a) Prepared the production cost report of the assembly department for August 20X4 on behalf of TUV (approximately the unit cost per equivalent unit to the nearest 4 decimal places) 1) Use the FIFO method 1) Use the weighted average method (14 marks) (14 marks) b) Indicate who in the organization uses the information in the production cost report and the purpose of using the information W (4 marks)