Baron Huber is the CEO of The Trade Co., a private company that maufactures giant decorative printed sheets. To manufacture their printed sheets, the company requires sheets (materials); a factory staff for cleaning, designing, and buffing each unit (labor); as well as an insurance policy for the factory workers, the sheets for manufacutring and the two security guards for the factory (overhead). The company is in its third year of operations and as the Cheif Accounting Officer (CAO), you are wondering if the weighted average costing system is really the best way to provide information to charlie brown for management system and alternative options for product costig, prepare a compatision of costing methods for the month of November, given the following information:

% Complete Costs

	Units	Mateirals	DL	OH	Material	DL	OH
WIP - Nov. 1	20,400	65%	70%	10%	$5,250	$217,148	$14,763
Transferred IN: Nov.	40,600				$67,950	$299,156	$169,152
WIP - Nov. 30	12,200	80%	60%	50%

*First Materials, DL, & OH are % Complete and Second Materials, DL, & OH are costs.

To assess the costing systems, prepare the following:

1. The cost of each equivalent unit (cost/EU) for:

a. Weighed Average

i. Materials

ii. DL

iii. OH

b. FIFO

i. Materials

ii. DL

iii. OH

2. The equivalent units in November for:

a. Beginning balance in WIP - EU for work completed in October (prioir period)

b. Beginning balance in WIP - EU for work completed in November (current period)

c. New units trasnferred into WIP - EU for work completed in November (current period)

d. New units transferred into WIP - EU for work started but not finsihed in November

3. Determie the COGM for November under:

a. FIFO

b. Weighted Average

4. Determine the balance in WIP as of December 1 under:

a. FIFO

b. Weighted Average