Verizon LTE 10:59 PM Done i.groupme.com 2) Marshall Company uses the weighted-average process costing in accounting for its production activities. Materials are added at the beginning of the process and converion costs are incurred uniformly throughout the process. August's production records indicate the following information: 56.000 Quantities: work in process inventory (40%) tarted ompleted and transferred out nding work in process inventory (20%) Augast 1,000 units Beginning WIP inventory costs: irect materials irect laber actory overhead 240 August production costs: $4.440 irect materials irect labor 4,610 actory overhead Required: Prepare a production cost report for the Marshall Company. In your report, combine direct labor and factory overhcad into a single cost pool for conversion costs. Do it first using the weight- average method. Repeat using the FIFO method