practice problem need with problem and properly filling out both production cost reports

Healthy Selections Cereals, Incorporated (HSC) is a large food-processing company specializing in whole-grain, high-energy, low-calorie, and low-fat. cereals that appeal to the health-conscious consumer. HSC has a premium image in the market, and most of its customers are loyal and willing to pay a bit extra to get the healthy choice that HSC offers. HSC's cereals are made in a series of processes that begin with sorting, cleaning, preparing, and inspecting the direct materials (grains, nuts, and other ingredients). The materials are then mixed and processed for consistency, cooked, given a final inspoction, and packaged. All materials are added only at the beginning of the first process. The inspections in the first and final processes are made at the end of those respective processes, so all direct materials and conversion costs are lost for any defective units detected at the inspection point. The company uses weighted-average process costing and accounts for all waste as nomal spolage. Currently, commodity prices are rising sharply, affecting the costs of many of the ingredients in HSC's products. The CFO, noting the sharp rise in the cost of the compary's direct materials, has considered using the FIFO mothod. The following data are for the first process for the current month. All output is measured in pounds. The cost information for the first process is as follows: Required: 1. Prepare a production cost report for the first process using the we ghted-average method. 2. Prepare a production cost report for the first process using the FIFO method, Complete this question by entering your answers in the tabs below. Wne tha firat nmanee ucing the weianted-average method. (Round "Cost per EU" to 4 decimal places, Rou Required 1 Hecuired 2 Prepare a production cost report for the first process using the Fifo rmethos. (febund "Cost per Eu" to 4 decimal places. Rourid vour final answers to nearest whole dollar amount. Negative amounts should be indicated by a minus sgn.) Hedthy Selections Cereals, Ine, (RSC) Production Cost Report Weighted Average Method Journalize the transactions reflecting the requisition of new materials and conversion (current costs) and the completion of the products Post the transactions relevant to the Work-In-Process account (make sure to determine the ending balance): Journalize the transactions reflecting the requisition of new materials and conversion (current costs) and the completion of the products Post the transactions relevant to the Work-In-Process account (make sure to determine the ending balance)