Spuds Chips Ltd (SCL) processes crinkle-cut potato chips. Production requires three (3) processes: Cutting, Cooking and Packaging. In the Cooking Department direct materials, vegetable oil (90%), is added to the transferred-in cut potatoes from the cutting department to cook. At the end of the process, the remaining 10% of the direct materials, herbs and spices are added. The company uses the First-in, First-out (FIFO) method. Production data for the Cooking Department in June are as follows:

	Cooking Department
Beginning WIP# inventory (kg)	12,000
Beginning WIP inventory costs
Transferred-in materials    (   ? % complete)	$2,400
Materials (? % complete)	$600
Conversion (70% complete)	$1,260
June data
Started (kg)	129,000
June costs
Transferred-in costs	$25,800
Materials	$7,746
Conversion	$18,570
Completed and Transferred-out (kg)	130,000
Ending WIP inventory (kg)	? units
Conversion (20% complete)

^# WIP: Work in process

Required:                               

1. Prepare (a) a quantity (physical flow) schedule and (b) compute the equivalent units for all inputs.                                                         
2. Calculate the costs per equivalent unit for all inputs.   Round up your answers to the nearest cent.                                                                                                      
3. Calculate:
4.  a.   the total cost of goods transferred out; and                                                                                                    
   b.   the cost of ending Work in Process.                                                        
   

   Working

   $

   $

   Marks

5. Prepare journal entries for the following transactions:
6. Transferred-in materials costs; and
7. Conversion costs for the period

8. Item.

   Account name

   Debit $

   Credit $

9. Briefly describe the difference between Weighted average method and FIFO method, in the calculation of (a) equivalent units and (b) cost per equivalent unit.