Q1. Celia's Salad Dressings had beginning work in process of $496,640 consisting of $203,280 of materials and $293,360 of conversion costs. There were 16,000 units (one unit equals one case) in beginning inventory, 40% complete as to conversion costs. Materials are added at the beginning of the process. During November, 34,000 units were transferred out, 1,000 were spoiled and 9,000 remained in ending inventory. The spoiled units were 60% complete for conversion costs. The ending work in process was 70% complete for conversion costs. Costs during the period amounted to $1,562,400 for materials and $2,018,560 for conversion. Celia's accounts for spoiled units separately and does not spread their cost over good units produced. 1. Prepare a process costing report for November using the weighted average method. Use the five step costing method to assign costs to products. 2. Prepare the journal entry required to transfer units to finished goods inventory