he following data are available for Gates Company for the month of March:

Percentage WIP Inventory), Weighted- Units Complete Costs ne rhe Beginning WIP inventory, March ..........::ccccee 22,000 DIKE CHINAlenials o.n5rn4o t,e0 8L ees 75% $ 22,360

(CONVENSIOI) COSTSeaaae na Ree cata enter ne: 70 27,440 bp 49 g00 Onitssstantectin Marchte ter. cet cere: 12,000

. Costs incurred in March:

i TO 2ZStor (1.241) = 2ohoo yf Seen al 8 Tos | lhe vee ini tara a Ase Pips 17,000 FG 7A Soo COMVETSION, CONS aiada einen cue 16,800 » 33800 ANT pe T7200 Ending: WIP INVENtOLY ..ic.cc. sso setedescorazetcones 6,000

|S EWEN Sc ertr eee ce stociceaoce todearasnbaanstcephctee n: 80 P Wl rP giana COSISIs davata eh eucketoteaees 2600 60 marx Caw YG goo Required pogcout . LY Yoo 2E000 390 T2780 Use weighted-average process costing to (5080 Y S0> Boece

:

a. Prepare a production cost report. Eu. 4800 22 F005 3 if6 90

b. Show the journal entry to transfer costs from WIP Inventory to Finished Goods Inventory.

Manitne Gaha ts Refer to the data in Problem 8.34. Production Cost Report L223 bo 97112

(Beginning and Ending WIP Required 17.200 1b S20 Inventory), FIFO Method =—2o 2iLo8 P,

(Appen oe A) Use FIFO process costing to 373 o 142 2

(LO 3,7, 8)

a. Prepare a production cost report. Z 31990 = ous Oe = |.f0

b. Prepare a short memo to Gates Company’s aining whether you believe 71,990co sting is better than weighted-average costing for the company.