ABC inc.. has2 depart., assembly and finishing.The following information for March 2003 is available.

Assembly

Two direct materials are added to the product in the assembly department.Raw material A is added at the beginning of the process.Raw material B is added when the units are 55% complete.

Beginning WIP2,386 units(50% converted)

$11,092Raw Material A

Raw Material B

$12,168Conversion Costs

Started in March30,735units

Good units completed30,593units

Normal spoilage213units

Abnormal spoilage?units

Ending WIP2,269 units(35% converted)

March costs incurred in the Assembly Department

$143,856Raw Material A

$167,407Raw Material B

$258,369Conversion Costs

Finishing:There is one additional direct material added to the product.It is added at when the units in the finishing department are 40% complete.

Beginning WIP2,516 units(45% converted)

$88,060Transferred in Costs

21,450Direct Materials

$11,322Conversion Costs

Good units completed16,980units

Normal spoilage120units

Abnormal spoilage12units

Ending WIP? units(55% converted)

March costs incurred in the finishing department:

$140,245Direct Materials

$185,598Conversion Costs

Required:

a. Calculate equivalent units, cost per equivalent units and allocate all costs for the Assembly Department using weighted average process costing.

b.Record the journal entries required in Assembly using the numbers from "a".

c.Calculate equivalent units, cost per equivalent units and allocate all costs for both departments using FIFO process costing.