Beginning work in process units 800 Units started during the month 16,000 Units finished during the month 15,000 Cost of beginning inventory Materials 1,296 conversions 2,416 cost of added inventory materials 47,076 conversion 497,213 Beginning units completed to materials 60% to conversion 10% Ending units completed to materials 60% to conversion 70% Determine the average cost using a) weighted average b) FIFO