Delphi Corporation is a manufacturer that uses process costing to account for costs of production. Delphi manufactures a product in three separate departments: moulding, assembly, and finishing. The following information was obtained for the assembly department for the month of June:
Work-in-process, June 1-1,000 units made up of:

During the month of June, 5,000 units were transferred in from the moulding department at a cost of $160,000. The assembly department added the following $150,000 of costs:
Direct materials.............................$ 96,000
Direct labour..................................36,000
Manufacturing overhead.....................18,000
...............................................$150,000
Four thousand units were completed and transferred to the finishing department. At June 30, 2,000 units were still in WIP. The degree of completion of WIP at June 30 was:
Direct materials...............................90%
Direct labour....................................70
Manufacturing overhead......................35
Required:
Calculate the cost of the units transferred out to the finishing department and the value of the ending WIP assuming that Delphi Corporation used: (a) the weighted average method; and (b) the FIFO method.

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Degree of Completion Amount Moulding department costs transferred in Costs added by the assembly department Direct materials Direct labour Manufacturing overhead Work-in-process, June 1 100% $32,000 20,000 7,200 100 60 50 5,500 $64,700