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Pls do not handwrite the answer, this is for easy readingSpeedy Scoot manufacturers various lies of e-scooters due to itsrising popularity. Speedy scoot offers 3 models of e-scooters:Windy, Fast and Quiet. Because of the high volume of each line, thecompany employs a process costing system using the FIFO method todetermine unit costs.A typical e-scooter consists of 4 components: electrical &electric system, the motion system, the structure and powertrain.The structure and the motion system are manufactured in theMoulding department. They are then consolidated into a singlee-scooter unit in the moulding department and transferred to theassembly department where they are assembling is completed. In theassembly department, the appropriate electrical & electricsystem and powertrain are added to complete each model ofe-scooter. Each of the 3 models of e-scooter is produced in a jointprocess up to the split-off point which is the Assembly process.After being assembled, the different models of e-scooters are sentto the packing department.Annual cost and production figures for the Assembly departmentare as follows:- Assembly Department Cost DataTransferred In from moulding DepartmentAssembly MaterialsAssembly Conversion CostTotal Cost of e-scooter through AssemblyBeginning WIP costs$82,200$6,660$11,930$100,790Current period costs$1,237,800$96,840$236,590$1,571,230Total costs$1,320000$103,500$248,520$1,672,020Assembly Department Production Data Percentage of completionNo of unitsAssembly MaterialsAssembly conversionBeginning Work in Progress300100%80%Transferred In from Moulding Department4,500--Transferred Out to packing Department4,000100%100%End Work in Progress40050%20%Defective e-scooter are identified at the inspection point whenthe assembly conversion process is 70% complete. 50% of assemblymaterials are added at the beginning of the process and theremainder of the assembly materials are added at the 60% mark ofthe assembly conversion process. Hence, all assembly materials areadded by the time the e-scooter is inspected. The normal rejectionsfor defective e-scooter are 5% of the e-scooter reaching theinspection point. Any defective e-scooters above 5% quota are to betreated as abnormal. All defective e-scooter are destroyed afterremoved from the production process.The production mix of the different models at the split-offpoint is determined to be 50%, 30% and 20% for Windy, Fast andQuiet respectively. In the Packing Department, separate packingcosts are incurred on each line of e-scooter. Due to the complexityof the parts for Windy, the packing cost is at $20 per unit ascompared to only $10 per unit for the other 2 models. The currentselling prices of Windy, Fast and quiet are at $700, $500 and $150respectively.The production workers in the Moulding department are rewardedwith a fixed bonus if production volume can be efficient. This ismeasured based on achieving a fixed volume of production within thespecified period.Required:a) Compute the normal and abnormal spoilage for SpeedyScoot.b)Prepare a production cost report for speedy scoot that showsthe following:bi) Equivalent units computed for production with regards toeach cost categorybii) Costs of normal spoilage and abnormal spoilagebiii) Costs of units transferred out to Packing Departmentbv) Costs of end WIP