(1) Compute cost per equivalent unit under the weighted-average method. (2) Compute cost per equivalent unit under FIFO mpany uses process costing. The following data are available for the month of June. als purchased, $800,000. ials used: Direct materials: Department A $250,000, Department B $230,000. laterials: $20,000. y payroll incurred, $600,000: Direct labor: Department A $300,000, Department B $200,000. Indirect labor: $100,000. factory overhead incurred, $30,000: Power and light $2,000, Depreciation $20,000, Property tax $5,000, Insurance $3,000. y overhead cost was allocated equally to Department A and Department B. ment A completed and transferred to department B $600,000. tment B completed and transferred to Finished Goods Inventory account $1,000,000. e journal entries for June activities in Irvine Company. ute ending working-in-process inventories in Department A and Department B. e following cases is independent. Use the FIFO method. ginning Current Transferred Ending Equivalent Unit ventory Out Cant Inventory Units Cast $44,000 $ 6,000 35,0010 28,DOD 18.000 45.010 1,000 15 20,000 30.000 10,000 30,000 25,000 10,000 40.000 60.000 90,000 20.000 : Fill in the blanks. pat Company manufactures small pleasure boats on an assembly-line basis. The units are started in Department A. On July 1 of the Work-in-Process inventory of Department A consisted of 300 units 100% complete as to materials and 40% complete as to n. During the month, 400 units were started and 600 units were completed and transferred out. The Work-in-Process on July 31 o complete as to materials and 30% complete as to conversion. process at the beginning of the period amounted to $600,000 for materials and $160,000 for conversion. Costs added during the re materials costs of $1,202,500 and conversion costs of $898,400. Prepare a production cost report using the weighted-average method. Corporation's Department A has the following information: " Completed Costs WIP 6.060 urts faterials 80 $43.708 3100 35,550 4 Started: 28.000 cunts Materials 112.000 TP: 2,000 units 60 sion 50 e FIFO method to calculate: alent units. er unit, rounded to three decimal places. ompleted and transferred out, rounded to the nearest whole dollar. the ending work-in-process inventory, rounded to the nearest whole dollar. the weighted-average method to answer a through d in the requirement