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3 Question 1-Process Costing (Weighted-Average Method): Partners in Crime Paint Company uses the weighted-average method to account for costs of production in its process costing system. Partners in Crime manufactures its base paint in two separate departments: Mixing and Packaging. The following information is for the Mixing Department (the first production department in its production process) for the month of March: Beginning work in process inventory Units started during March Units completed and transferred to the Packaging Department during March Ending work in process inventory Units (gallons) 35,000 97,000 80,000 52,000 Percent Percent Complete with Complete with Respect to Conversion Costs Respect to DM (DL-I-OH) 100% 75% 100% 100% 80% 60% The accounting records for the Mixing DepartmenFindicate the following additional information: I Costs in beginning WIP Inventory-Mixing Department totaled $62,696, broken down as follows: 0 $32,112 in DM costs 0 $30,584 in conversion costs 0 Costs incurred during the month of March for the Mixing Department totaled $394,000, broken down as follows: 0 $250,000 in actual DM costs 0 $144,000 in conversion costs ($60,000 in DE. costs; $84,000 in applied OH costs (applied based on 140% of DL costs)) PART C - Balance Sheet accounts, ending balances: Using all of the information given above, determine the March 31St ending balances of each the firm's inventory accounts listed below. You must show all of your work, either using formulas/calculations or T-accounts. 1) 2) 3) 4) Raw Materials Inventory account (Assume the beginning balance of the raw materials inventory account as of March 1St was $11,450). WIP Inventory - Mixing (Assume the beginning balance of WlP-Mixing is $62,696, as given in the information above). WIP Inventory - Packaging (Assume the beginning balance of WlP-Packaging is $41,008). Finished Goods Inventory (Assume the Finished Goods Inventory balance as of March 15" was $29,440)