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Q4) (20 pts) A company started to produce 800 units this month, 300 units were not completed and transferred to the next month as in Table 1. Table 2 summarize the production plan for the next month. Fill out Tables 3 and 4 to solve the assignment of costs during the next month using weighted average method (next month follows case 3), then fill out tables 5, 6 to assign cost based on weighted FIFO for the next month. (cost assignments for this month were calculated and given to you in the next month summary table, you don't need to make this step) Table 1: summary of production in this month. Physical units Direct material Conversion Total cost cost WIP, beginning Inventory 0 Started during this period 800 500 Completed during this period WIP, ending Inventory Degree of completion of WIP 300 100% 80% Total cost added during this period 46,400 25,900 72,300 Table 2: summary of production in the next month (case 3) Physical units Direct material Conversion Total cost cost WIP, beginning Inventory 300 17,400 8,400 25,800 Degree of completion of beginning WIP 100% 80% Started during this period 400 Completed during this period 380 WIP, ending Inventory 320 Degree of completion of ending WIP 100 % 70 % Total cost added during this period 22,000 12,920 34,920 Table 3: Step 1 and 2 to assign cost in the next month using weighted average (case 3) Step 1 Step 2 Equivalent Units Direct material Conversion cost Physical units WIP, beginning Inventory Started during this period To account for Completed and transferred out during this period WIP, ending Inventory Accounted for Work done to date Total cost added during this period