Transferred-in costs, FIFO costing (continuation of 17-38).

Required 1. Using the FIFO process-costing method, do the requirements of Problem 17-38. The transferred-in costs from the Forming Department for the April beginning work in process are

$17,520. During April, the costs transferred in are $102,160. All other data are unchanged.

2. Explain any difference between the cost ofwork completed and transferred out and cost of ending work in process in the Finishing Department under the weighted-average method and the FIFO method.