Assignment Problem 1: ABC Company uses the FIFO method in its process costing system. The partment started the month with 6,000 units in its beginning work in process inventory that Were 20% complete with respect to conversion costs. An additional 74,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 8,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs. Required: What were the equivalent units for conversion costs in the Assembly Department for the month? Problem 2: In April, one of the processing departments inventory of $27,000 and ending work in process processing departments at S Company had beginning work in process and ending work in process inventory of $36,000. During the month, the cost of units transferred out from the department was $261,000. The company method in its process costing system. Required: a) Determine the costs added to production in the department during the month. b) Determine the cost accounted for during the month. department was $261,000. The company uses the FIFO Problem 3: The ST Company has two processin placed into production at the beginning of the pro various shapes. When finished, they are tra into heart and tuxedo boxes and covered with foil. considered as one material for convenience. Since the boxes contain a variety of candies, processing departments, Cooking and Packaging. Ingredients are mning of the process in Cooking, where they are formed into ned, they are transferred into Packaging, where the candy is placed and covered with foil. All material added in Packaging is ing information relates to the two departments for a variety of candies, they are considered partially complete until filled the appropriate assortment. The following information relates to the two February 20X7 Cooking Department: Beginning WIP (30% complete as to conversion) 4,500 units Units started this period 15,000 units Ending WIP (60% complete as to conversion) 2,400 units Packaging Department: 1,000 units Beginning WIP (90% complete as to material, 80% complete as to conversion Units started during period 500 units. Ending WIP (80% complete as to material and 80% complete as to conversion) Required: a. Determine equivalent units of production for both departments using the weighted average method. b. Determine equivalent units of production for both departments using the FIFO method