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Crosson corporation has the following information available for June, 2015 for the forming department, which is the first department in the production process: Beginning work

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Crosson corporation has the following information available for June, 2015 for the forming department, which is the first department in the production process: Beginning work in process inventory (25% complete as to conversion) 12,000 units started 140,000 units Ending work in process inventory (20% complete as to conversion) 35,000 units Beginning work in process inventory costs; material $3, 500 Conversion 2, 550 Current period costs: material $38,000 Conversion 120, 750 All materials is added at the start of production and all products completed are transferred out. Prepare a cost of production report, in good form, for the month of June, 2015 using the fifo method of process costing. Round the cost per equivalent unit for all columns to 5 decimal places if needed. Prepare a cost of production report, in good form, for the month of June, 2015 using the weighted average method of process costing

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