Please answer the following.

Required

1.	Compute the equivalent units in the mixing department for July for each cost category.
2.	Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31.
3.	Would there be any difference in your calculations of equivalent units if you used a weighted-average approach versus the first-in, first-out (FIFO) approach? What is the reason for this?

Preston Chemicals has a mixing department and a refining department. Its process-costing system in the mixing department has two direct materials cost categories (Chemical P and Chemical Q ) and one conversion costs pool. The following data pertain to the mixing department for July: (Click the icon to view the mixing department data.) Required 1. Compute the equivalent units in the mixing department for July for each cost category. 2. Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31. 3. Would there be any difference in your calculations of equivalent units if you used a weighted-average approach versus the first-in, first-out (FIFO) approach? What is the reason for this? Requirement 1. Compute the equivalent units in the mixing department for July for each cost category. (Enter an amount in each innutcell_Eor amounts with a zero balance make sure to enter " 0 " in the appropriate field.) Mixing department data