Burleson Chemicals has a mixing department and a refining department. Its process costing system in the mixing department has two direct materials cost categories (Chem The following data pertain to the mbing department for July 2018 Click the icon to view the mining department data) Required 1. Compute the equivalent units in the mbeing department for July 2018 for each cost category 2 Compute(a) the cost of goods completed and transferred to the retining department during July and (b) the cost of work in process as of July 31, 2018 3. Would there be any difference in your calculations of equivalent units if you used a weighted average approach versus the FIFO approach? What is the reason for this? Equivalent Units Conversion Physical Chemical Chemical Cools 0 18.500 Work in process beginning inventory Started during current period To account for Completed and transferred out during current period Work in process ending inventory Accounted for Work done in current period only 34 500 partmer - Xego 18: Mixing department data July 20 to the ivalent u 0 Physical Units: Work in process, July 1 Units started Completed and transferred to refining department Costs: 48,500 eason 34,500 Chemical P $ 339,500 138,000 Chemical Q sical Units Conversion costs 265.800 48,50 Chemical P is introduced at the start of operations in the mixing department, and Chemical Q is added when the product is 80% completed in the mixing department, Conversion costs are added evenly during the process. The ending work in process in the mixing department is 70% complete 34.50 Print Done Equivalent Units Conversion Physical Units Chemical P Chemical Costs 48,500 Work in process, beginning inventory Started during current period To account for Completed and transferred out during current period Work in process, ending inventory Accounted for Work done in current period only 34,500