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Bigblue Corporation manufactures paint that goes through three processes - cracking, mixing, and cooking. This information was obtained for the mixing department for the month

Bigblue Corporation manufactures paint that goes through three processes - cracking, mixing, and cooking. This information was obtained for the mixing department for the month of July:

Work-in-process, July 1 3,000 units

Transferred-in costs, July 1 $35,000

Costs added by the department,

July 1 Direct materials $17,400 (100 percent complete)

Conversion $ 8,100 (60 percent complete)

During the month of July, 12,000 units were transferred in from the cracking department at the cost of $240,000. Also, costs totaling $103,180 were added in the mixing department.

Direct materials $58,300

Conversion $44,880

During the month, 8,000 units were completed and transferred to the cooking department.

On July 31, the degree of completion of work-in-process was as follows: Direct materials 80 percent Conversion 45 percent

REQUIRED: 1) Prepare the production cost report of the mixing department for the month of July using the weighted-average method. 2) Prepare the production cost report of the mixing department for the month of July using the FIFO method

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