6 The Company was founded January 1st 2024 7 8 9 0 1 2 3 4 5 5 REQUIRED: In 2024, Hogwart's Brewery purchased 40000 lbs of butter and 90000 lbs of barley hops Butter costs $1 per pound and hops cost $0.50 per pound In January, Hogwarts placed 30000 lbs of butter and 60000 lbs of barley hops into production On January 31st, Hogwarts had produced 20000 kegs of Butterbeer the remaining brew was 3/4 complete. In January Hogwarts incurred $80000 in conversion costs In February, Hogwarts purchased 40000 lbs of butter and 90000 lbs of barley hops Butter costs $1 per pound and hops cost $0.50 per pound In February, Hogwarts placed 30000 lbs of butter and 60000 lbs of barley hops into production During February Hogwarts spent $80000 on other factory costs During February, Hogwarts had produced 22000 kegs of Butterbeer the remaining brew was 1/2 complete A) USING WEIGHTED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR JANUARY B) USING WEIGHTED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY C) USING FIFO PROCESS COSTING DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY

The Company was founded lanuary 1st 2024 In 202, 110 5wart's Brewery purchased 40000 lbs of butter and 90000 its of barley hops Butter costs $1 per pound and hops cost $0.50 per pound In lanuary, Hogwarts placed 30000 lbs of butter and 60000lbs of barley hops into production On January 315t, Hogwarts had produced 20000 kegs of Buttetbeet the remaining brew was 3/4 complete. In tanuary Hogwarts incurred $80000 in conversion costs In February, Hogwarts purchased 40000 lbs of butter and 90000 lbs of barley hops Butter costs $1 per pound and hops cost $0.50 per pound In february, Hogwarts placed 30000lbs of butter and 60000lbs of barley hops into production During February Hogwarts spent $80000 on other factory costs During February, Hogwarts had produced 22000 kegs of Butteibeer the remaining brew was 1/2 complete REQUIRED: A) USING WEIGHTED AVERAGE METHOD DEIERMINE WORK IN PROCESS AND FINISHED GOODS FOR IANUARY B) USING WEIGHIED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOOOS FOR FEBRUARY C) USING FIFO PROCESS COSTING DEIERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY