Question 1 (a)(i) WA method Transferred Direct Conversion - In Material Costs Equivalent units Cost per equivalent unit ($) Assignment of costs to : Completed and transferred out EWIP Total cost accounted for (a) (ii) FIFO method Transferred Direct Conversion - In Material Costs Equivalent units Cost per equivalent unit ($) Assignment of costs to : Completed and transferred out from : BWIP Cost to complete Started and completed Total costs of completed units EWIP Total cost accounted forQUESTION 1 (9 marks) Milkshake Ltd. manufactures a single product, which passes through the Mixing Department and Freezing Department. Manufacturing begins in the Mixing Department. All units are then transferred to Freezing Department. In the Freezing Department, further materials are added and processed until completion, and transferred to the finished goods inventory. Overhead is allocated on the basis of 150% of direct labour cost. Work in process in the Freezing Department on 1 Mar was 75,000 units (Materials : 80% complete; Conversion : 60% complete). The costs included in these units were as follows : Mixing Department costs $712,5 00 Freezing Department : Direct materials $780,000 : Direct labour $900,000 : Overheads 33? During the month, the Freezing Department completed and transferred 250,000 units to finished goods inventory. The ending work in process for Freezing Department was 80,000 units (Materials : 40%; Conversion : 50%). Units transferred in from Mixing in Mar were charged at $9.80 per unit. Freezing Department's costs in Mar were : Materials added during the month $3,885,000 Direct labour for the month $5,145,000 Overheads 33? Required : (a) Prepare the Freezing Department production cost report for the month of Mar 2022 using (round up to 2 decimal place) : (i) Weighted Average method (ii) FIFO method Note : You may prepare the production cost report using WORD or EXCEL. (9 marks)