Complete as to conversion cost PROBLEM 16: Cost of Production Report Spiderman Corp. has two departments. The following are the data of the two departments. Quantity Beginning WIP October 1 Incomplete as to material Department 1 32,500 Department 2 22,500 20% 30% 75% 40% Units started in October Ending WIP October 31 Units Completed in October 120,000 ? 27,500 ? 112,500 ? Complete as to material 60% Incomplete as to conversion cost 80% 0% 60% Costs Beginning WIP Transferred in 287,500 200,000 Materials 120,000 187,500 Conversion 42,500 Current Period Transferred in ? 875,000 Materials 500,000 Conversion 125,000 300,000 Required: 1. Using FIFO method a. Compute the EUP of the two departments. b. Compute the unit cost of the two departments. c. Compute the costs of transferred to out the two departments d. Compute the ending inventory costs for the two departments. 2. Using Weighted method a. Compute the EUP of the two departments. b. Compute the unit cost of the two departments. c. Compute the costs transferred to out the two departments. d. Compute the ending inventory costs for the two departments.