QUESTION 1 Materials added at the beginning of the process Conversion Costs added uniformly throughout the production process MIXING PROCESS Physical Units Percentage of Completion (%) Materials Conversion Costs Costs ($) WIP, 01 Jan 100 100% 60% DM - $1,000 CC - $2,600 Started 400 DM - $4.000 CC - $2,000 WIP 31 Jan 200 100% 80% Completed units are transferred to Baking Process Required: a) Prepare a production cost report for the month of January 2021 using the: () first-in-first-out method (ii) weighted average method b) Journalise the transfer of completed units using the: ) first-in-first-out method l) weighted-average method C) Prepare a WIP T-account for the Mixing Process in January using the: () first-in-first-out method (ii) weighted average method QUESTION 2 For the company: TPC = DM + DL + OH applied on DLH + machine hours required