Q. 2 (Marks= 12) Four Seasons Company makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, work-in-process is 40% complete and at the end of the month it is 60% complete. Other data for the month include: Beginning work-in-process inventory Units started Units placed in finished goods 1600 units 2000 units 3200 units $80 000 $120,000 $260 000 Manufacturing OH Costs Cost of direct labour Cost of direct materials Beginning work-in-process costs: Materials Conversion $154 000 $82 080 Required: a. Complete the attached Production Cost Report on page 13 for the month of September using the above information. Calculations rounded to two (2) decimal places. (10 marks) b. Prepare journal entries to record transferring of materials to processing and from processing to finished goods. (2 marks) Family Name Given Names(s) Student Number Teaching Period Semester 2, 2018 Four Seasons Company Production Cost Report For the month of September Physical Units Quantities Work in process, Sept 1 Started into production Total Units Equivalent Units Materials Conversion Costs Units Accounted for Transferred Out Work in process, Sept 30 Total /Equivalent Units Costs: Materials Conversion Costs Total Work in process, Sept 1 Costs incurred in Sept Total Costs Total /Equivalent Units Unit Costs Costs to be accounted for Transferred Out Work in process, Sept 30 Total Costs