Baking Company uses an automated process to produce a baking product. For March, the company had the following activities in the pounding department, which is followed by the mixing department Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. After the pounding process is done the costs and next production department is the mixing department. The pounding process is the first department in the process. Direct Materials $3.920 100% 2,000 units Conversion Costs $3,850 80% Total Costs $7,770 DATA for the pounding department: Physical Units Beginning work-in-process Degree of Completion of Beginning Work in process Started During March Completed and transferred out during March Ending Work in Process Inventory Degree of Completed of ending work in process Total costs Added during March 12,000 units 10,000 units ???? units 100% $20,160 45% $5,000 $25,160 Units You may find it helpful to compute the following units and percentage so you can reference this information as data to complete my production reports. You are more than welcome to set up your own Data information on this DATA worksheet to reference on your production reports the 2 production reports, so I know you need this information, too. Calculate the Units started and completed and the ending work-in-process for the pounding department Units started and completed Ending Work in process Units Determine the percentage of materials and conversion costs used(added) in the current period (March) for the pounding department's beginning, units started and completed, and ending work-in-process, Materials Conversion costs Beginning work in process Units started and completed Ending work-in-process Required: 1. Prepare a production report for the pounding department using weighted average. Please use the worksheet named weighted average and use only cell referencing and formulas on your production report using this DATA worksheet for your data. 2. Prepare the journal entry to show the costs flowing from the pounding department to the mixing department You can type in the journal entry below your production report on the appropriate worksheet. 3. Prepare a production report for the pounding department using FIFO. Please use the worksheet named FIFO and use only cell referencing and formulas on your production report using this DATA worksheet for your data. 4. Prepare the journal entry to show the costs flowing from the pounding department to the mixing department You can type in the journal entry below your production report on the appropriate worksheet