1. You were given the following production data: Dept 1: In process, beg: 10,000; started in process: 15,000, transferred-out: 12,000 units Dept 2: In process, beg: 10,000; transferred-out: 12,000 units Costs were as follows: Dept 1: In process, beg. : Materials-$2,000; Conversion->15,000 This period: Materials:-15,000, Conversion-$25,000 Dept 2: In process, beg. : Materials-4,000; Conversion-12,000; Transferred-in-$8,000 This period: Materials:-25,000, Conversion-#125,000 The output of Department 1 goes to Department 2 for further processing. In Department 1, 50% of materials are added at the start and the balance at completion and conversion costs are applied evenly. All costs are applied evenly in Department 2. All Work in Process units are 75% complete. Prepare the Cost of Production Report for Departments 1 and 2, respectively, using FIFO. Prepare the Cost of Production Report for Departments 1 and 2, respectively, using Weighted Average.