Babson Company's inventory at October 1, and the costs charged to Work in Process-Department Bravo during October are as follows: 2.200 units, 60% completed From Department Alpha, 36,000 units $ 147,800 945,000 Direct labor 412,000 Factory overhead 276,770 During October, all direct materials are transferred from Department Alpha, the units in process at October 1 were completed, and of the 36,000 units entering the department, all were completed except 2,000 units which were 60% completed as to conversion costs. All materials are added at the beginning of the process REQUIREMENT #1: Prepare a cost of production report for December using the FIFO Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar) REQUIREMENT #2: Prepare a cost of production report for December using the Weighted Average Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar.) Babson Company's inventory at October 1, and the costs charged to Work in Process-Department Bravo during October are as follows: 2.200 units, 60% completed From Department Alpha, 36,000 units $ 147,800 945,000 Direct labor 412,000 Factory overhead 276,770 During October, all direct materials are transferred from Department Alpha, the units in process at October 1 were completed, and of the 36,000 units entering the department, all were completed except 2,000 units which were 60% completed as to conversion costs. All materials are added at the beginning of the process REQUIREMENT #1: Prepare a cost of production report for December using the FIFO Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar) REQUIREMENT #2: Prepare a cost of production report for December using the Weighted Average Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar.)