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. Data table hple Reference 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.) Next calculate cost per equivalent unit for direct materials and conversion costs the weighted-average method or the FIFO method? Explain briefly. The FIFO ending work in process inventory is than the weighted-average ending inventory. This is because FIFO assumes that all the in work in process are the first to be completed and transferred out while ending work in process consists of only the The weighted-average metho by assuming that [ ceil are completed and transferred out, while in beginning work in process are placed in ending work in Should Fenton's managers choose the weighted-average method or the FIFO method? Explain briefly. Begin by completing the table below that summarizes the costs assigned to units completed and those still in process under the weighted-average and FIFO process-costing methods. Given the relatively small difference in the income numbers generated by the two methods, Fenton's managers would likely If the differences are expected to be larger in future years, the managers should choose the method that w income. One advantage of the FIFO method worth considering is that it provides better information for managing the business because it keeps