In a single-process production systems, Scarf Company produces scarves in the weaving department. For April, the...

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In a single-process production systems, Scarf Company produces scarves in the weaving department. For April, the company's accounting records reflected the following: Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. Beginning work-in-process Physical Units Direct Materials Conversion Costs Total 10,000 units $17,000 $6,000 $23,000 Degree of Completion of Beginning Work in process at beginning of month 100% 40% Started During April 80,000 units Completed and transferred out during April ?? units 100% 100% Ending Work In process Inventory 15,000 units Degree of Completed of ending work in process 100% $100,000 45% $115,000 $215,000 Total costs Added during April Required: 1. Prepare a production report for the weaving department using weighted average. Please review exhibit 6.7. Please use the worksheet named weighted average and use only cell referencing and formulas on your production report using this worksheet for your data. 2. Prepare the journal entry to show the costs flowing from the weaving department to finished goods. 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 worksheet for your data. 4. Prepare the journal entry to show the costs flowing from the weaving department to finished goods. You can type in the journal entry below your production report on the appropriate worksheet. In a single-process production systems, Scarf Company produces scarves in the weaving department. For April, the company's accounting records reflected the following: Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process. Beginning work-in-process Physical Units Direct Materials Conversion Costs Total 10,000 units $17,000 $6,000 $23,000 Degree of Completion of Beginning Work in process at beginning of month 100% 40% Started During April 80,000 units Completed and transferred out during April ?? units 100% 100% Ending Work In process Inventory 15,000 units Degree of Completed of ending work in process 100% $100,000 45% $115,000 $215,000 Total costs Added during April Required: 1. Prepare a production report for the weaving department using weighted average. Please review exhibit 6.7. Please use the worksheet named weighted average and use only cell referencing and formulas on your production report using this worksheet for your data. 2. Prepare the journal entry to show the costs flowing from the weaving department to finished goods. 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 worksheet for your data. 4. Prepare the journal entry to show the costs flowing from the weaving department to finished goods. You can type in the journal entry below your production report on the appropriate worksheet.