1. Using the FIFO process-costing method, do the requirements of Exercise 4.23. The transferred- in costs from the Forming Department for the April opening work in progress are €17520. During April, the costs transferred in are €103566. All other data are unchanged.

2. Explain any difference between the cost of work completed and transferred out and cost of closing work in progress in the Finishing Department under the weighted-average method and the FIFO method.