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Ambassador Lubricants (AL) produces various oil and synthetic-based products. One of the products is produced at the company's Bridge Plant in a single department. Two
Ambassador Lubricants (AL) produces various oil and synthetic-based products. One of the products is produced at the company's Bridge Plant in a single department. Two materials are used in the production process. Material A is introduced at the beginning of the process. Material B is added when the units are 60 percent complete with respect to conversion costs. Data for production during June follows: The beginning work-in-process inventory was 75 percent complete with respect to conversion resources. The ending work-in-process inventory was 25 percent complete. The beginning work-in-process inventory was 75 percent complete with respect to conversion resources. The ending work-in-process nentory was 25 percent complete. ?equired: a. Prepare a production cost report assuming that Ambassador Lubricants uses the weighted-average method of process costing. o. Prepare a production cost report assuming that Ambassador Lubricants uses the FIFO method of process costing. Complete this question by entering your answers in the tabs below. Prepare a production cost report assuming that Ambassador Lubricants uses the weighted-average method of process costing. Note: Round "Cost per equivalent unit" to 2 decimal places. Round your final answers to nearest whole number. Prepare a production cost report assuming that Ambassador Lubricants uses the weighted-average method of process costing. Note: Round "Cost per equivalent unit" to 2 decimal places. Round your final answers to nearest whole number. Required B > repare a production cost report assuming that Ambassador Lubricants uses the FIFO method of process costing. lote: Round "Cost per equivalent unit" to 2 decimal places. Round your final answers to nearest whole number
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