Data--- December 1 was the start of the companys operations. The company had no operations prior to December 1.

During December, the first month of operation--

1. Direct materials added to production totaled $55,500.

2. Direct labor costs incurred/added to production totaled $82,600.

3. Manufacturing overhead costs added to production totaled $119,000.

4. 10,000 units were 100% complete and transferred to the next department.

5. 5,000 physical units were in ending Work in Process.

6. Each unit in ending WIP inventory was 100% complete with respect to materials costs and 80% complete with respect to conversion costs.

Question -- Is the weighted average being used in this example or is FIFO being used is this example? Please explain.