Chomp Pet Foods manufactures canned dog food. The firm employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. The company's production quantity schedule for June follows: Units Work in process on 1 June (65% complete as to conversion) 2,200 Units started during June 3,800 Total units to account for 6,000 Units completed and transferred out during June 4,000 Work in process on 30 June (20% complete as to conversion) 2,000 Total units accounted for 6,000 A review of the system indicates: Cost relevant to the Work in progress 1 June: o Direct material $440 o Conversion cost $550 Costs were added during the month: o Direct material $1,216 o Conversion cost $1,785

1. Calculate the total equivalent units of direct material and conversion cost during June. Use the weighted average method.

2. Calculate the total equivalent units and costs per equivalent unit for direct material and conversion costs. Use the FIFO method.

3. Calculate the cost of the ending work in process and the cost of the goods completed and transferred out. Use the FIFO method.

4. Explain the difference between Job Costing and Process Costing. What are some examples?