Chenchen Company assembles its product in two departments. During March, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $12,000 for materials and $3,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials are added at the beginning of cutting process. Beginning work in process in the finishing department was 75% complete as to conversion. Beginning inventories included $15,500 for transferred-in costs and $19,300 for conversion costs. Ending inventory was 30% complete. Direct materials are added at the end of finishing process.

Required: A. Using FIFO for the cutting department, compute: (a) Equivalents units for direct materials, conversion costs. (b) Cost per equivalent unit for each category. (c) Assign costs to units completed and to units in ending work in process

B. Using Weighted-average method for the finishing department, compute: (a) Equivalents units for direct materials, conversion costs and transferred-in costs. (b) Cost per equivalent unit for each category. (c) Assign costs to units completed and to units in ending work in process

Additional information about the two departments follows: Additional information about the two departments follows