Part II.-Problem -Process Costing-20 Points Horngren Woolens is a manufacturer of wool cloth. The information for June is as follows: nning work in process nits started nits com 10,000 units 20,000 units 25,000 unit work-in-process direct nning work-in-process conversion ireet materials added during month irect manufacturing labor during th actory overhead Beginning work in process was half converted as to labor and overhead. Direet materials are added at the beginning of the process. All comversion costs are incurred evealy throughout the process Ending work in process was 60% complete. Required: Prepare a production cost worksheet using the weighted-average method Answer:Production Cost Worksheet Weighted-Average Method Flow of prodauction Physical Units Direct Materials Work in process, beginning Started during period To account for Units transferred out 25,000 Work in process, ending Accounted for Costs Work in process, beginning Costs added during period Totals Direct Materials Conversion Total costs to account for vided by equivalent units uivalent-unit costs Assignment of costs TY Transferred out Work in process, ending Direet materials Conversion Costs accounted for Part III. -Problems and Multiple Choice-2.5 points each -25 Points The following applies to question # 1. 1) The Conity Corporation has an Electrie Mixer Division and an Electric Lamp Division. Of a $16,000,000 bond issuance, the Electric Mixer Division used S6,400,000 and the Electrie Lamp Division used $9,600,000 for expansion. Interest costs on the bond totaled $1,000,000 for the year. What amount of interest costs should be allocated to the Electric Lamp Division? (Round any intermediary caleulations two decimal places and your final answer to the nearest dollar.) A) S400,000 B) S600,000 C) S625,000 D) S6,400,000 Answer the following question using the information below: 2) Flash City Inc. manufactures small flash drives and is considering raising the price by 15 cents a unit for the coming year. With a 75-cent price increase, demand is expected to fall