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Course: ECOM4000 Economics T X I WhatsApp x 2023 e ACCM4100 T2 2022 Assessmen X ACCM4100 T2 2022_Assessmeni Assessment 3/5 Part B: Jabri Ltd manufactures car seats in its Newlands plant. Each car seat passes through the Assembly Department and the Testing Department. This problem focuses on the Assembly Department. The process-costing system at Jabri Ltd has a single direct cost category (direct materials) and a single indirect cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the Assembly Department finishes work on each car seat, it is immediately transferred to Testing. Jabri Ltd uses the weighted-average method of process costing. Data for the Assembly Department x ACCM41 OO File I C:/Users/rg060/Downloads/ACCM4100 Tl _T2_2022_Assessment_OI for October 2023 are: Work in process, 1 October Degree Of completion: conversion costs, 60% Started during October 2022 Completed during October 2022 Work in process, 31 October Degree Of completion: conversion costs, 70% Total costs added during October 2022 Required: Physical Units 5,000 20,000 22,500 2,500 Direct Materials Conversion $ 402,750.00 1 Calculate equivalent units of direct materials and conversion costs. [2 marks] 2 Summarise total costs to account for [2 marks] 3 Calculate the cost per equivalent unit for direct materials and conversion costs. [4 marks] 3 Assign total costs to units completed and to units in ending work in process. [4+4 marks] 4 Explain why the company would be using a process-costing system, rather than a job-costing system. [10 marks] Format of calculations [4 marks]