Requirement $2.$ For each cost category, summarize total assembly department costs for October $2020$ and calculate the cost per equivalent unit.

Begin by summarizing the total costs to account for

Next calculate cost per equivalent unit for direct materials and conversion costs

Requirement $3.$ Assign total costs to units completed and transferred out and to units in ending work in process.

Requirement $4.$ Explain any difference between cost per equivalent unit in the assembly department under the weighted$-$average method and the FIFO method.

The cost per equivalent unit

between the two methods because each method uses

costs as the numerator of the calculation. The FIFO method use:

the weighted$-$average method uses

Both methods use

$|$ equivalent units in the denominator.

Requirement $5.$ Should Larsen's managers choose the weighted$-$average method or the FIFO method? Explain briefly.

Larsen's managers should consider the

method because even though it shows

operating income and grad cost of goods sold, it

taxes. Managers may have an incentive, however, to use the

method and sh

because it keeps $$