1. FIFO METHOD

2. ABC METHOD

In the month of June, a department had 20,000 units in Beginning Work-in-Process that were 70% complete. During June, 90,000 units were transferred into production from another department. At the end of June there were 10,000 units in Ending Work-in-Process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. Using the FIFO method, the equivalent units of production for materials in June were: 94.000 equivalent units. 90,000 equivalent units. 114,000 equivalent units. 100,000 equivalent units. A plant using plant-wide overhead and machine-hours for the overhead application rate is considering switching to an activity-based costing (ABC) overhead costing method. Total overhead was $620,000 for a period that contained two jobs. Job 1 used 8,000 machine-hours; job 2 used 12,000 machine-hours. New data groups overhead costs into three pools for job 1: utilities measured by machine-hours at a predetermined driver rate of $10/ machine-hour, materials handling of 60,000 pounds at a rate of $3/ pound, and 200 setups at a rate of $300/ setup. For job 1 , what amount is allocated using the plant-wide and ABC methods? Plant-wide: $248,000;ABC overhead costing: $320,000. Plant-wide: $248,000;ABC overhead costing: $372,000. Plant-wide: $310,000;ABC overhead costing: $372,000. Plant-wide: $310,000;ABC overhead costing: $320,000