Hi, I need help only with question 2

Question 2 (20 marks)

Jwell Manufacturing Company (JMC) makes promotional flags and used a process-costing system (weighted average method).

The following information relates to JMC:

Weighted Average Method

Physical Units

Direct Material

Conv Costs

WIP , Beginning

5,000

25,000

17,500

Started during period

12,000

Good units comp/transferred

12,500

Normal spoilage

200

Abnormal spoilage

100

WIP, Ending

4,200

Total costs added in period

21,800

27,500

Completion:

WIP (Begin): DM 80%, CC 50%

WIP (Ending): DM 80%, CC 30%

Required:

1. Prepare a Cost of Production Report that includes the calculation of equivalent units, the cost per equivalent units, a summary of costs to account for and the cost of units transferred and the cost of the units in ending work in process.

BUSI 4425 (16 18) Assignment 6 Chapter 18, 21 Question 1 (20 marks) Complete problem 18-21 (Page 703) Question 2 (20 marks) Jwell Manufacturing Company (JMC) makes promotional flags and used a processcosting system (weighted average method). The following information relates to JMC: Weighted Average Method Physical Units WIP , Beginning Direct Material 5,000 Started during period 12,000 Good units comp/transferred 12,500 Normal spoilage 200 Abnormal spoilage 100 WIP, Ending Conv Costs 25,000 17,500 21,800 27,500 4,200 Total costs added in period Completion: WIP (Begin): DM 80%, CC 50% WIP (Ending): DM 80%, CC 30% Required: 1. Prepare a Cost of Production Report that includes the calculation of equivalent units, the cost per equivalent units, a summary of costs to account for and the cost of units transferred and the cost of the units in ending work in process. Question 3 (20 marks) Complete problem 21-30 (Page 821)