(EUP: weighted average & FIFO) Shannon Inc. makes metal toy soldiers in a one-department production process. All metal is added at the beginning of the process. Paint for the toys and plastic bags for packaging are considered indirect materials. The following information is available relative to Septem¬ ber 2006 production activities:

Beginning inventory: 25,000 toys (70% complete as to labor; 75% complete as to overhead) Started into production: metal for 280,000 toys, which were cast during the month Ending inventory: 30,000 toys (40% complete as to labor; 60% 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.