Question: Please answer with full working Accounting Question 3: (20 marks) (B1, C3) Manama Steel processes a single type of steel. For the current period the

Please answer with full working

Accounting Question 3: (20 marks) (B1, C3) Manama Steel processes a single type of steel. For the current period the following information is given: Units Material Costs Conversion Costs Beginning Inventory 400 $2,000 $4,300 Started During the Current Period 500 $5,000 $8,000 Ending Inventory 200 All materials are added at the ending of the production process. The beginning inventory was 40% complete as to conversion, while the ending inventory was 60% completed for conversion purposes. Manama uses the weighted-average costing method. Instructions: Prepare a production cost worksheet using the weighted average method

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