A) Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available:

Work in process, August 1 (59% complete with respect to conversion) 17,100

Started in August 120,300

Completed 120,300

Work in process, August 31 (78% complete with respect to conversion) 17,100

a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.

B)

Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following information for Finishing operations for February (no new material is added in the Finishing Department):

Equivalent Units Materials Conversion costs WIP inventory-Finishing Beginning inventory (12,000 units, 30% complete with respect to Finishing costs) Transferred-in costs (from Mixing) Finishing conversion costs Current work (102,000 units started) Mixing costs Finishing costs $ 152,400 16,300 1,101,600 614,400 The ending inventory has 16,000 units, which are 50 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs. Required: a. Complete the production cost report using the FIFO method. (Round "Cost per equivalent unit" to 2 decimal places.) Physical Units Equivalent Units Finishing Department Mixing Department Flow of units: Units to be accounted for Beginning WIP inventory Units started this period Total units to account for Units accounted for Completed and transferred out From beginning WIP inventory Mixing Finishing Started and completed currently Units in ending WIP inventory Mixing Finishing Total units accounted for Mixing Department Department Finishing Total Flow of costs: Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Mixing Finishing Costs accounted for Costs assigned to units transferred out: Costs from beginning WIP inventory costs ded to complete beginning WIP inventory Mixing Finishing Current costs of units started and completed: Mixing Finishing Total costs transferred out Cost of ending WIP inventory Mixing Finishing Total costs accounted for