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manufactures shampoo in two departments, Mixing and Packing. Once the shampoo mixture is completed in the Mixing Department, it is sent to the Packing department, where a machine fills and seals individual bottles, which are then passed to a machine that places the bottles in individual boxes. In the Mixing department, materials are added at the beginning of the process. In the Packing department, however, we have several different materials and, therefore, materials are added at different parts of the process. (The percentage of completion amounts are given, so that you don't have to figure out what materials are added where.) The company uses the weighted-average process costing method for assignment of production costs. The following information is related to production in the Mixing Department for February 2022 : For requirements 1 and 2, assume that all units produced were "good" units and met the company's quality-control standards. (In the both departments, units are inspected 75% of the way through the production process) In doing your computations, round ALL equivalent unit costs to 2 decimal places. 1. Prepare a production report for the Mixing Department 2. Prepare the journal entry to record the completion of units in the Mixing Department 3. SUPPOSE that the FIFO method was used for this department instead. What would be the equivalent units and unit costs for materials and conversion? 4. Suppose that the units are inspected at the end of the mixing department before they are transferred to packing. and 10,000 of the units failed inspection and were removed from production at that point. That is, suppose that 10,000 units were "spoilage" and only 635,000 were completed and transferred to packing. a) Would this change the equivalent units of materials or conversion? Explain. If so, what would the new equivalent unit costs of materials and conversion be? What effect would this have on the company's income statement and balance sheet? b) What if, instead of the units being inspected at the END of the mixing, instead, the insnection nnint manufactures shampoo in two departments, Mixing and Packing. Once the shampoo mixture is completed in the Mixing Department, it is sent to the Packing department, where a machine fills and seals individual bottles, which are then passed to a machine that places the bottles in individual boxes. In the Mixing department, materials are added at the beginning of the process. In the Packing department, however, we have several different materials and, therefore, materials are added at different parts of the process. (The percentage of completion amounts are given, so that you don't have to figure out what materials are added where.) The company uses the weighted-average process costing method for assignment of production costs. The following information is related to production in the Mixing Department for February 2022 : For requirements 1 and 2, assume that all units produced were "good" units and met the company's quality-control standards. (In the both departments, units are inspected 75% of the way through the production process) In doing your computations, round ALL equivalent unit costs to 2 decimal places. 1. Prepare a production report for the Mixing Department 2. Prepare the journal entry to record the completion of units in the Mixing Department 3. SUPPOSE that the FIFO method was used for this department instead. What would be the equivalent units and unit costs for materials and conversion? 4. Suppose that the units are inspected at the end of the mixing department before they are transferred to packing. and 10,000 of the units failed inspection and were removed from production at that point. That is, suppose that 10,000 units were "spoilage" and only 635,000 were completed and transferred to packing. a) Would this change the equivalent units of materials or conversion? Explain. If so, what would the new equivalent unit costs of materials and conversion be? What effect would this have on the company's income statement and balance sheet? b) What if, instead of the units being inspected at the END of the mixing, instead, the insnection nnint