QUESTION 2 (20 MARKS: 36 MINUTES) ED Sdn, Bid. (ESB) is a manufacturer of quality container, uses the weighted average method in its process costing system. ESB has produced the container that passes through two processing departments: Assembly Department and Finishing Department. In the Assembly Department, all materials were added at the beginning of the process. All other manufacturing inputs were added uniformly. Information related to the Assembly Department during May 2016 was summarized as follows: Units Costs Beginning work in process Direct materials RM47,490 Conversion costs (30 percent complete) RM34,272 Total costs of beginning work in process RM81,762 Units started into production 32,500 Units started and completed Units completed and transferred 31,800 Current period costs Direct materials RM464.750 Conversion costs RM444,360 Total current period costs RM909,1 10 Ending work in process 1.900 Direct materials Conversion costs (40 percent complete) REQUIRED: Prepare a production report for the Assembly Department for May 2016 by using the weighted average method. (1 1 Marks) (b) Calculate cost per equivalent unit for the Assembly Department for May 2016 by using the First-In First-Out (FIFO) method. (7 Marks) (c) Explain ONE (1) different between the weighted average method and the FIFO method in calculating the equivalent unit. (2 Marks)