(EUP; weighted average & FIFO) Pershing Corporation makes toy metal soldiers in a one-department production process. All metal is added at the beginning of the process. Paint for the figures and the plastic bags for packaging are consid¬ ered indirect materials. The following information is available relative to June 1997 production activities:

Beginning inventory: 75,000 figures (60% complete as to labor; 85% complete as to overhead)

Started into production: metal for 250,000 figures; this number of figures were cast dur¬ ing the month Ending inventory: 30,000 figures (70% complete as to labor; 90% complete as to overhead)

a. Compute the EUP for direct material, direct labor, and overhead using weighted average process costing.

b. Compute the EUP for direct material, direct labor, and overhead using FIFO process costing.

c. Reconcile the calculations in parts a and b.

LO1