8.21 Costs and journal entries under weighted average and FIFO L04 Humphrey Manufacturing produces car parts and batteries. All direct materials are added at the beginning ofproduction, and conversion costs are incurred evenly throughout production. The following production information is for the month oprril: Units: Work in process, 31 March: 6000 units (40% complete) Units started in April: 42000 Units completed during April: 40000 Work in process 30 April: 8000 units (25% complete) Costs in beginning WIP: Direct materials Conversion costs Total Costs added this period: Direct materials added in April Conversion costs added in April Total Required (a) Using the weighted average method, assign costs to production for this period. (b) Using the FIFO method, assign costs to production for this period. (C) Write out thejournal entries for either the weighted average or FIFO methods. 3 7500 2125 S 9625 S 70000 42500 $112500