(20 points) Taco Ranch uses a process cost system and the weighted average cost flow assumption Production begins in the Crafting Department where materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. On November 1, the beginning work in process inventory consisted of 10,000 units, which were complete and had a cost of $190,000, $100,000 of which were materials costs the balance going to conversion costs. During November, the following occurred: Materials added $225,000 Conversion costs incurred in November $45,000 Units completed and transferred out in November 40.000 Units in ending work in process November 30 (20% complete) 25,000 Instructions Answer the following questions and show the computations that support your answers: (a) Prepare a production report using weighted average? (b) What are the costs assigned to the ending work in process inventory on November 30? (c) What are the costs assigned to units completed and transferred out during November? CC 40,009 Copo mat + 65,000 40,000 END 25000 25,000 Total 65,000 65,000 Current COS TO 25,000