Question: i need help with 1/2/3/4 please Self-Study Problem 6-1 Weighted-Average Method versus FIFO Method Smith Electronic Company's chip-mounting production department had 300 units of unfinished

i need help with 1/2/3/4 please

FIFO Method Smith Electronic Company's chip-mounting production department had 300 units of

unfinished product, each 50% completed on September 30 . During October of

the same year, this department put another 900 units into production and

completed 1,000 units and transferred them to the next production department. At

the end of October, 200 units of unfinished product, 70% completed, were

recorded in the ending Work-in-Process Inventory. Smith Electronic introduces all direct materials

Self-Study Problem 6-1 Weighted-Average Method versus FIFO Method Smith Electronic Company's chip-mounting production department had 300 units of unfinished product, each 50% completed on September 30 . During October of the same year, this department put another 900 units into production and completed 1,000 units and transferred them to the next production department. At the end of October, 200 units of unfinished product, 70% completed, were recorded in the ending Work-in-Process Inventory. Smith Electronic introduces all direct materials when the production process is 60% complete. Direct labor and factory overhead (i.e., conversion) costs are added uniformly throughout the process. Following is a summary of production costs incurred during October: Complete this question by entering your answers in the tabs below. 1. Summarize your answers from Requirement 1 using weighted-average process costing: a. Equivalent units of direct materials and conversion. b. Equivalent unit costs of direct materials and conversion. (Round intermediate caiculations fo fwo decimal blacest, ) c. Cost of goods completed and transferred out during the period. (Round intermediate calculatiens fo fwo decirme) placeki) d. Cost of Work-in-Process inventory at the end of the period. (Hound intermed ate calcufations fo fwe decimal phaces.) Prepare a production cost report for October using the weighted-average method. (Round your answers to the nearest whole dollar amnunt. Round "Cost per eaulvalent unit" to 2 decimal places.) Required 2 > Complete this question by entering your answers in the tabs below. 1. Summarize your answers from Requirement 1 using weighted-average process costing: a. Equivalent units of direct materials and conversion. b. Equivalent unit costs of direct materials and conversion. (Round intermediate calculations to two decimal places.) c. Cost of goods completed and transferred out during the period. (Round intermediate calculations to two decimal places.) d. Cost of Work-in-Process Inventory at the end of the period. (Round intermediate calculations to two decimal places.) Repeat requirement 1 using the FIFO method. (Round your answers to the nearest whole dollar amount. Round "Cost per equivalent unit" to 2 decimal places.) Following is a summary of production costs incurred during October: Complete this question by entering your answers in the tabs below. Summarize your answers from Requirement 3 using the FIFO method. (Round "Cost per equivalent unit" answers places.)

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