Question 4 Global Defense manufactures the Interceptor Missile at its Camden plant. It has two departments:...

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Question 4 Global Defense manufactures the Interceptor Missile at its Camden plant. It has two departments: Assembly Department and Testing Department. This problem focuses on the Testing Department. Direct materials are added when the Testing Department process is 90% complete. Conversion costs are added evenly during the Testing Department's process. As work in Assembly Department is completed, each unit is immediately transferred to the Testing Department. As each unit is completed in the Testing Department, it is immediately transferred to Finished Goods. Global Defense uses the weighted average method of process costing. Data for the Testing Department for October 2019 are: Physical Transferred- Direct Conversion Units in Costs Materials Costs (Missiles) Work-in-Process, 1 October 30 R985 800 RO R331 800 Transferred-in during October ? Completed during October Work-in-Process, 31 October 105 15 Total costs added during October R3 192 866 R3 885 000 "Degree of completion: transferred-in costs, 7%; direct materials, 7% Conversion costs, 70% "Degree of completion: transferred-in costs, ?%; direct materials, ?%; Conversion costs, 60% R1 581 000 Required: 4.1 Calculate the percentage of completion for the transferred-in costs and direct materials in the beginning WIP inventory, as well as the for the ending WIP inventory. 4.2 Prepare a production statement using the weighted average method. 4.3 Prepare a production statement using the FIFO method. Question 4 Global Defense manufactures the Interceptor Missile at its Camden plant. It has two departments: Assembly Department and Testing Department. This problem focuses on the Testing Department. Direct materials are added when the Testing Department process is 90% complete. Conversion costs are added evenly during the Testing Department's process. As work in Assembly Department is completed, each unit is immediately transferred to the Testing Department. As each unit is completed in the Testing Department, it is immediately transferred to Finished Goods. Global Defense uses the weighted average method of process costing. Data for the Testing Department for October 2019 are: Physical Transferred- Direct Conversion Units in Costs Materials Costs (Missiles) Work-in-Process, 1 October 30 R985 800 RO R331 800 Transferred-in during October ? Completed during October Work-in-Process, 31 October 105 15 Total costs added during October R3 192 866 R3 885 000 "Degree of completion: transferred-in costs, 7%; direct materials, 7% Conversion costs, 70% "Degree of completion: transferred-in costs, ?%; direct materials, ?%; Conversion costs, 60% R1 581 000 Required: 4.1 Calculate the percentage of completion for the transferred-in costs and direct materials in the beginning WIP inventory, as well as the for the ending WIP inventory. 4.2 Prepare a production statement using the weighted average method. 4.3 Prepare a production statement using the FIFO method.