Question: Required (Part A) Using the weighted-average method, calculate the following: 1. Costs per equivalent unit 2. Cost of goods completed and transferred out 3. Cost

Required (Part A) Using the weighted-average
Required (Part A) Using the weighted-average method, calculate the following: 1. Costs per equivalent unit 2. Cost of goods completed and transferred out 3. Cost remaining in the ending WIP inventory 4. Assume that you are the company's controller. The production department's February unit cost is higher than standard cost. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 40 to 60 percent, to lower the unit costs, what should you do? How much unit cost would be affected by this request? Required (Part B) Using the FIFO method, calculate the following: 1. Costs per equivalent unit 2. Cost of goods completed and transferred out 3. Cost remaining in the ending WIP inventory 4. Assume that you are the company's controller. The production department's February unit cost is higher than standard cost. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 40 to 60 percent, to lower the

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