Competitive Markets encourage innovation as well as the; Encourage markets to decrease Existence of Economies of Scale that will encourage firm(s) to grow in size Decrease the plant size to encourage growth To decrease interest rates Hawk Ltd. uses process costing in its Fabricating Department During December the records revealed the following: Beginning Work in Process(40% complete the process) 12,000 units Units started 87,000 Good Units completed 89,000 Ending Work in Process(70% complete the process) 3,000 Spoiled Units 7,000 $ 36,800 Beginning Work in Process - Direct Materials Conversion Costs Direct Materials added during the month 28,600 280,000 Conversion costs added during the month. 599,240 Direct materials are placed into production at the beginning of the process. Normally, the spoiled units are 6% of the good units completed and are detected at the end of the process. Assume that Hawk Ltd. uses the Weighted Average method. rol IT TOT ACT