QUESTION TWO (13 MARKS) Kylie Electronics uses a process costing system to make their product and has only a single processing department. The following information pertains to operations for the month of September 2021 Units Beginning work-in-process inventory 20,000 Started into production during May 100,000 Completed during May 2 Ending work-in-process inventory 24,000 The beginning work-in-process inventory was 60% complete with respect to materials and 20% complete with respect to conversion costs. The ending work-in-process inventory was 80% complete with respect to materials and 30% complete with respect to conversion costs. The costs were as follows: Materials Conversion Beginning work in process inventory $ 34,560 S 35.360 Costs incurred during May $463,840 $274,0-10 Prepare a Weighted Average Production report in good form on the following page in the report space provided Kylie Electronics PRODUCTION REPORT MONTHLENDING September 30, 2021 Quantity Schedule and Equivalent Units Unlts to be accounted for Quantity Schedule Total Units Units accounted for as follows Fan valentinits Materials Conversion Total Materials Total Cast Conversion Costs per Equivalent unit Total Costs per Equivalent unit Total Cost Materials Conversion Cost Reconciliation Equivalent inits Materials Conversion 1