Fifo Method help

Hoffman Company uses the weighted average method of process costing. Data for the assembly department for October 2017 are as follows: Direct Materials $1,248,000 Conversion Costs $ 241,650 Work in process, October 1 Started during October 2017 Completed during October 2017 Work in process, October 31 Total costs added during October 2017 Physical Units (Car Seats) 4,000 22,500 26,000 500 $4,635,000 $2,575,125 Degree of completion direct materials,7%; conversion costs, 45%. bDegree of completion: direct materials,7%; conversion costs, 65%. Required 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. 2. What issues should the manager focus on when reviewing the equivalent-unit calculations? 3. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. 4. Assign costs to units completed and transferred out and to units in ending work in process. 17-37 17-38 Journal entries (continuation of 17-360). Required Prepare a set of summarized journal entries for all October 2017 transactions affecting Work in Process-Assembly. Set up a T-account for Work in Process-Assembly and post your entries to it. FIFO method (continuation of 17-360). Required 1. Do Problem 17-360 using the FIFO method of process costing. Explain any difference between the cost per equivalent unit in the assembly department under the weighted-average method and the FIFO method. 2. Should Hoffman's managers choose the weighted average method or the FIFO method? Explain briefly