(a)	Use a production cost report using the FIFO method.(Round "cost per equivalent unit" to 2 decimal places.)

Calgary Corporation produces a liquid solvent in two departments: Mixing and Finishing. Assume that Calgary Corporation provides you with the following information for Finishing operations for November (no new material is added in the Finishing Department):

WIP inventoryFinishing
Beginning inventory (10,000 units,30% complete withrespect to Finishing costs)
Transferred-in costs (from Mixing)	$	109,600
Finishing conversion costs		11,006
Current work (98,000 units started)
Mixing costs		862,400
Finishing costs		398,594

The ending inventory has 14,000 units, which are 60 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs.

Required:

(a)	Use a production cost report using the FIFO method.(Round "cost per equivalent unit" to 2 decimal places.)

(b)	Use a production cost report using theweighted-average method.(Round "cost per equivalent unit" to 2 decimal places.)

I want solution within 30 minutes

Calgary Corporation Finishing Department For the Month Ending November 30 Equivalent Units Flow of Units Units to be accounted for In work-in-process beginning inventory Units started this period Total units to account for Physical Mixing Dept Units Finishing Dept Units accounted for Completed and transferred out From beginning work in process Started and Completed Total completed and transferred out In work-in-process ending inventory Total units accounted for Less work from beginning work in process New work done in November Costs Total Flow of Costs Costs to be accounted for Costs in work-in-process beginning inventory Current period costs Total costs to be accounted for Costs per equivalent unit Costs accounted for Costs assigned to units transferred out Costs from beginning work-in-process inventory Current costs to complete beginning work-in-process inventory Total costs from beginning work-in-process inventory Current costs of units started and completed Total costs transferred out Costs assigned to work-in-process ending inventory Total costs accounted for Direct Materials Conversion Costs Costs