A portion of the question is in FIFO and a portion requires weighted average.

Answer the questions listed below. Data is given regarding the process costing system of Ghent Widgets for the month of January. Overhead pertains to machining costs. All costs refer to WIP. Data Units Pct. Complete Pct. Complete Pct. Complete Materials Labor Machining 80% 90% 75% Beginning Inventory January Units Started January Ending Inventory January 15,000 54,500 22,000 55% 25% 65% Costs Beginning Inventory January Costs Added in January Materials $ 144,000 $ 588,250 Labor $ 405,000 $ 1,197,125 Machining $ 562,500 $ 2,365,500 Answer Questions here What is the total number of units transferred out of WIP What are the total equivalent units in January for Materials? What are the total equivalent units in January for Labor? What are the total equivalent units in January for Machining? What are the total costs in January for Materials? What are the total costs in January for Labor? What are the total costs in January for Machining? Answer the following questions using the weighted average method. What are the costs in January assigned to ending inventory for Materials? What are the costs in January assigned to ending inventory for Labor? What are the costs in January assigned to ending inventory for Machining? What are the total costs in January for ending WIP inventory? What are the costs in January assigned to Cost of Goods Manufactured for Materials ? What are the costs in January assigned to Cost of Goods Manufactured for Labor? What are the costs in January assigned to Cost of Goods Manufactured for Machining? What are the total costs in January Cost of Goods Manufactured? Answer the following questions using the FIFO method. What is cost per equivalent unit added in January for Materials ? What cost per equivalent unit added in January for Labor? What cost per equivalent unit added in January for Machining