Alpha Company has two departments: Printing and Binding. Each department has one direct-cost category (direct materials) and one indirect-cost category (conversion costs). Books that have undergone the printing process are immediately transferred to the Binding department. Direct material is added when the binding process is 70% complete. Conversion costs are added evenly during binding operations. When those operations are done, the books are immediately transferred to Finished Goods. The following is a summary of the April 2017 operations of the

binding department:

Required: 1. Prepare the production sheet for the Binding department for April 2017, using the weighted-average method of process costing, showing the costs assigned to the units completed (and transferred out) and to the units in ending work in process. 2. Prepare the production sheet for the Binding department for April 2017, using the first-infirst-out (FIFO) method of process costing, showing the costs assigned to the units completed (and transferred out) and to the units in ending work in process. Additional information for this part of the question includes: total transferred-in costs of beginning work in process on 1 April are $44,100 (instead of $39,060) and that total transferred-in costs added during April are $149,760 (instead of $155,520)

Direct Materials $ 0 0% Conversion Costs $16,380 50% Beginning work in process Degree of completion, beginning work in process Transferred in during April 2017 Completed and transferred out during April Ending work in process (April 30) Degree of completion, ending work in process Total costs added during April Physical Units Transferred-In (books) Costs 1,260 $ 39,060 100% 2,880 3,240 900 100% $155,520 0% $28,188 70% $84,240