At the beginning of February, the A. B. Cee Company had $26,400 (direct materials—$10,200;

direct labor—$8,200; and factory overhead—$8 ,000) in Department 1’s beginning work-in-process inventory. The inventory consisted of 15,500 units which had 100% of their direct materials costs and 65% of their direct labor and factory overhead costs.

During February, 36,000 units were started in process in Department |. Costs incurred during the month were: direct materials—$20,292.00; direct labor—$27,266.25; factory overhead—

$26,274.75. As the 48,000 units were completed, they were immediately transferred to Department 2. At the end of February, 3,500 units were still in process in Department 1. The units had 100%

of their direct material costs and 45% of their direct labor and factory overhead costs.

No spoilage occurred during February. lk4 Required:

a Prepare a cost of production report for February using the weighted average costing method.

b Prepare a cost of production report for February using the fifo costing method.

(Round to four decimal places.)