Given Data: Required Humpty Dumpty Inc. manufactures Yummy potato chips. Part (1) Quantity Production of the potato chips occurs in three departments. Cleaning, Cooking and Packaging. Units to be Accounted for. Schedule Consider the Cooking department, where the "seasoning" materials are added; more specifically. WIP - beginning Units Started into production Seasoning is added when the conversion costs are 85% complete Equivalent Units of Production The accounting records of the Humpty Dumpty factory provided the following information for jalapeno Units Accounted for. Total Transferred In Seasoning Conversion flavoured potato chips in its Cooking department during a weekly period (week 9) Transferred Out Transferred in Seasoning Conversion WIP - ending Units COSTS Costs costs Beginning work in process week 9 125 000 $ 70 000 $ S 8.750 Degree (percentage) of completion 0% 35% Transferred In units during week 9 ? Costs added during week 9 105 000 $ 14,000 $ 52 850 Equivalent Units of Production Completed units during week 9 206,000 Ending work in process units , week 9 128,000 Total Transferred In Seasoning Conversion Degree (percentage) of completion 90% Other possible % complete for costs. 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Cost per E.U.P (2) units sold during week 9 140,000 selling price per unit $ 1.99 Costs Accounted for: Total Transformed Out(2) units sold during week 9 140,000 selling price per unit S 1.99 Costs Accounted for: Total Transferred Out REQUIRED: WIP - ending (1) Transferred In Prepare a Production Report for the Cooking department week 9 using the weighted-average method and prepare any Seasoning resulting journal entry. Conversion (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. Journal Entry Debit Credit Wording to be referenced in completing your production report: Part (2) Conversion Would the company achieve a 75% gross profit in week 9? Costs added Show calculations Costs to be Accounted for: Equivalent Units of Production Seasoning Transferred In Transferred Out Units Accounted for: Units Started into production Gross Profit % Units to be Accounted for: WIP - beginning WIP - ending