Kali Manufacturing Inc Kali Manufacturing Inc Question Here is your graded assignment for Week 2. There are two problems to complete, worth 10 points each. The full assignment is worth 20 points.You may want to work several of the exercises from our chapter readings this week to start. In addition, work several problems from this week's chapters in the gradedWorkout Room thread before attempting the Homework assignments. We will review several problems throughout the week in the workout room. Save your time! Proper editing and formatting Free revision, title page, and bibliography Flexible prices and money-back guarantee ORDER NOW Please DO NOT click on the Begin Homework button below until you are ready to answer ALL questions, and please SHOW all your work when applicable!Problem 1:Kali Manufacturing Inc. began the year with the following.UnitsBeginning work-in-process20,00020% completeTransferred to finished goods60,000Ending inventory10,00070% completeMaterials added at the beginning of the process Make sure you submit a unique essay Our writers will provide you with an essay sample written from scratch: any topic, any deadline, any instructions. 100% ORIGINAL ORDER NOW RequiredCalculate the equivalent units formaterial costs under the weighted average process cost method;conversion costs under the weighted average process cost method;material costs under the FIFO process cost method; andconversion costs under the FIFO process cost method.Problem 2:Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows.Production DataunitsIn process, beginning of month (20% converted)2000Started during current month8000Completed and transferred to finished goods5500In process, end of month (60% converted)2500Manufacturing CostsWork in process, beginning$21,450Materials$54,000Direct labor cost$105,000Factory overhead cost$42,840