8-37. Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-2, 3) The following cost information is available for July for the Crest Plant at Calvert Company: Beginning work-in-process inventory Materials cost $56,000 Conversion cost Total Current costs Materials cost 35,400 $91,400 $ 124,000 Conversion cost Total 372,600 $496,600 Materials are added at the beginning of the process. The following quantities have been recorded: Beginning inventory, 40,000 partially complete gallons, 25 percent complete with respect to conversion costs. Units started in July, 80,000 gallons. Units transferred out in July, 90,000 gallons. Ending inventory, 30,000 gallons, 40 percent complete with respect to conversion costs. Required Compute the cost per equivalent unit for direct materials and conversion costs for July using the weighted-average method. 8-39. Compute Costs per Equivalent Unit: FIFO Method (LO 8-2,5) Refer to Exercise 8-37. Compute the cost per equivalent unit for direct materials and for conversion costs for July using the FIFO method. 8-40. Assign Costs to Goods Transferred Out and Ending Inventory: FIFO Method (LO 8-2, 5) Refer to the data in Exercise 8-37. Compute the cost of goods transferred out and the ending inventory for July using the FIFO method