Question: PROBLEM 1. Send in Messenger Instructions: Solve what is required. Place your answers after every requirement. Use only front pages of the yellow paper for

PROBLEM 1. Send in Messenger Instructions: Solve what is required. Place your answers after every requirement. Use only front pages of the yellow paper for your solution. POGI Company employs process costing method in accounting for its products. The following data for the year ended December 31, 20x1 are provided below: Units Costs January 1, 20x1 53,500 (30% complete as to DL and OH) DM-P 375,000 DL-P 3,900,000 Oben in Dri DI OH-P 1,600,000 December 31, 20x1 40,000 (35% to complete as to DL and OH) ??? Started during the 346,800 DM-P 2,300,000 period DL-P 12,300,000 OH-P 7,900,000 Assumption 1. If the company employs Weighted Average Process costing provide the following: 1. Units accounted for? 2.EUP for direct materials? 3. EUP for conversion costs? 4. Cost attributable to direct materials? 5. Cost attributable to conversion cost? 6. Cost per EUP for direct materials? 7. Cost per EUP for conversion costs? 8. Transferred-Out Costs? 9. Cost of ending WIP inventory? Assumption 2. If the company employs FIFO Process costing provide the following: 1. Units accounted for? 2.EUP for direct materials? 3. EUP for conversion costs? 4. Cost attributable to direct materials? 5. Cost attributable to conversion cost? 6. Cost per EUP for direct materials? 7. Cost per EUP for conversion costs? 8. Transferred-Out Costs? 9. Cost of ending WIP inventory
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