process. McKnight uses the FIFO method of process costing. Consider the following data for the assembly department in April $2020$:

$($Click the icon to view the data.$)$

$($Click the icon to view the total costs assigned under the weighted$-$average method.$)$

Read the requirements.

Requirement $1.$ Summarize total assembly department costs for April $2020,$ and assign them to units completed $($and transferred out$)$ and to units in ending work in process inventory.

Begin by calculating the physical units and equivalent units. $($For amounts with a $0$ balance, make sure to enter $"0"$ in the appropriate cell.$)$

Accounted for

Equivalent units of work done in current period

Requirements

Summarize total assembly department costs for April $2020,$ and assign them

to units completed $($and transferred out$)$ and to units in ending work in

process inventory.

Explain any difference between the cost of work completed and transferred

out and the cost of ending work in process inventory in the assembly

department under the weighted$-$average method and the FIFO method.

Should McKnight's managers choose the weighted$-$average method or the

FIFO method? Explain briefly

Data table

Reference