Form Fit Inc. brews a special low-calorie craft beer that requires processing in six different departments. The first two departments, malting and mashing, are considered here. In the malting department, the barley grain is prepared for brewing by going through a soaking and drying process. The malt from the malting department is then transferred to the mashing department, where the starch from the malt is converted into sugars that can be fermented in a later process. No additional materials except water are added during mashing. Conversion costs, however, are added continuously throughout both departments. Summary data for malting department (May 20X7) Direct materials, added at the beginning of the process Direct materials cost Conversion costs incurred during May 160.000 kg $185.000 $ 80,000 Work-in-process, May 1: 2.000 kg 90% complete: Direct materials cost Conversion cost Work-in-process, May 31: 3,000 kg, 50% complete Summary data for mashing department (May 20X7) Transferred from malting department during May Malting department costs Conversion costs incurred during May 159,000 kg $ 125,000 Work-in-process, May 1: 1,500 kg, 60% complete: Malting department costs Mashing department conversion costs $ $ 17,300 25,100 Work-in-process, May 31: 2400 kg, 70% complete Required: Part 1 Calculate the cost of goods transferred out of the malting department to the mashing department during May and the cost of the malting department work-in- process inventory at May 31, assuming that Form Fit uses (a) weighted average and (b) FIFO. (Round all unit costs to four decimals.) Part 2 Calculate the cost of goods transferred out of the mashing department during May and the cost of the mashing department work-in-process inventory at May 31, assuming that Form Fit uses (a) weighted average and (b) FIFO. (Round all unit costs to four decimals.)