Surge Chemicals manufacturers a single product that passes through four sequential processes. Accounting and production data for August for Department 3 are as follows: Physical Transferred-Direct Conversion Units in Costs Materials Costs Work in Process, August 1 2,000 $ 5,600 $ 0 $ 2,880 Transferred in during August 70,000 Good Units completed & T.O. 64,000 Normal Spoilage Abnormal Spoilage 1,600 400 Work in Process, August 31 6,000 Costs Added During August $206,080 $89,100 $241,200 All direct materials are added at the end of the process in Department 3. Conversion costs are added evenly throughout the process. The beginning work in process is 40% complete as to conversion costs. The ending work in process is 30% complete as to conversion costs. Inspection occurs at the 100% of completion stage. Use two decimal places for your cost per equivalent unit. Required: 1. Prepare a cost of production report for Department 3 for August using the Weighted-Average method of process costing. 2. Prepare the journal entries to record: a. The transfer of cost from Department 2 to Department 3 during August. b. The current direct materials and conversion costs added during August. c. The transfer of costs from Department 3 to Department 4 during August. d. The cost of the abnormal spoilage.