aircraft engine

components in one operation which combines $-$ machining and assembly. After the units

are completed they are transferred to cost of goods sold.

The following is a summary of the Assembly operations in July of $2021.$

Degree of Completion: Direct Materials, $100\%$; Conversion Cost, $62\mathrm{.}5\%$

${?}^{****}$ Degree of Completion: Direct Materials, $100\%,$ Conversion Cost, $80\%.$

For each cost element $($Direct Materials and Conversion Cost$),$ calculate the

cost per equivalent unit of work performed in the current period only.

$($FIFO$).$ These are the numbers that Greg Andrews wants for the division

meeting.

Prepare a brief description comparing and commenting on the cost per

equivalent unit of work done in the current period $($FIFO$)$ with cost per

equivalent unit using the weighted average method. Which method would

yield the highest income, the Fifo Method or the Weighted average method?

Whv$?$