Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 80% complete with regard to conversion costs.

Use 80% as to DM and 40% as to CC for beginning inventory.

Using Weighted Average, what is the amount transferred to Finished Goods?

Using Weighted Average, what is the Cost per Unit?

Using FIFO, what is the amount transferred to Finished Goods? (round to nearest dollar).

Using FIFO, what is the cost per unit for the beginning units? (rounded to cents)

Using FIFO, what is the cost per unit for the started and completed units? (rounded to cents)

PB12. LO 5.4 Given the following information, prepare a production report with materials added at the beginning and ending work in process inventory being 80% complete with regard to conversion costs. Units to Account For Beginning work in process Units started into production Transferred out 4,000 9,500 9,600 Costs to Account For Beginning inventory: materials Beginning inventory: conversion Direct material Direct labor Applied overhead Transferred-in materials Transferred-in conversion Total costs to account for $ 25,000 30,500 2,000 45,000 11,840 12,015 33,500 $159,855