17.24

Tomlinson corporation is a biotech company based in Milpitas. It makes a cancer- treatment drub in a single processing department. Direct maaterials are added ad the start of the process. Conversion costs are added evenly during the process. Tominson uses the weighted average method of process costing. The following information for july 2014 is available

17.25

1. Do exercise 7-24 using the fifo method

2. tomlinsons management seeks to have a more consistent cost per equivalent unit. Which method of prcess costing should the company choose and why?