QUESTION: Production at G.A.F factories for television industries goes through three production stages. The following data for December for the first process: 1. Production data : Beginning work-in-process 500 unit (80% converted), its cost $235000. Units started during December 4500 unit. Units completed and transferred to second process 4000 unit. Inspection engineers refused 200 units not suitable for use (spoilage units). The rest of units were work-in-process at end of December, half of them are at (75% converted) and the rest at (25% converted). 2. Costs data for the first process during December: $ 675000 basic materials (BM) added at beginning. $ 820000 Electronic materials (EM) added at completion level 50%. $ 618000 conversion cost. 3. Other data. Inspection point at 60%. Normal Spoilage rate 2% of Good units . The company uses the FIFO method in process costing. Required: 1. Prepare reports for second process for December. 2. Record all journal entries for December.. QUESTION: Production at G.A.F factories for television industries goes through three production stages. The following data for December for the first process: 1. Production data : Beginning work-in-process 500 unit (80% converted), its cost $235000. Units started during December 4500 unit. Units completed and transferred to second process 4000 unit. Inspection engineers refused 200 units not suitable for use (spoilage units). The rest of units were work-in-process at end of December, half of them are at (75% converted) and the rest at (25% converted). 2. Costs data for the first process during December: $ 675000 basic materials (BM) added at beginning. $ 820000 Electronic materials (EM) added at completion level 50%. $ 618000 conversion cost. 3. Other data. Inspection point at 60%. Normal Spoilage rate 2% of Good units . The company uses the FIFO method in process costing. Required: 1. Prepare reports for second process for December. 2. Record all journal entries for December