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Humpty Dumpty Inc. manufactures yummy potato chips. Production of the potato chips occurs in three departments: Cleaning, Cooking and Packaging. Consider the Cooking department, where seasoning materials are added; more specifically: Seasoning is added when the conversion costs are 80% complete The accounting records of the Humpty Dumpty factory provided the following information for jalapeno flavoured potato chips in its Cooking department during a weekly period (week 9): Transferred in Seasoning Conversion Units costs costs costs Beginning work in process, week 9 125,000 $ 70,000 $ $ 8,750 Degree (percentage) of completion 35% Transferred In units during week 9 ? Costs added during week 9 $ 105,000 $ 14,000 $ 52,850 Completed units during week 9 210,000 Ending work in process units , week 9 136,000 Degree (percentage) of completion ? ? 70% Other possible % complete for costs: 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% (2) units sold during week 9 140,000 selling price per unit $ 1.99 (1) Prepare a Production Report for the Cooking department week 9 using the weighted-average method and prepare any resulting journal entry. (2) Based on your calculations, would the company achieve a gross profit on this product of 75% in week 9? Show your gross profit calculation