Gable Chemicals has a mixing department and a refining department. Its process-costing system in the mixing department has two direct materials cost categories (Chemical P and Chemical Q) and one conversion costs pool. The following data pertain to the mixing department for July 2018, Click the icon to view the mixing department data) Required 1. Compute the equivalent units in the mixing department for July 2018 for each cost category 2. Compute (a) the cost of goods completed and transferred to the refining department during July and (b) the cost of work in process as of July 31, 2018 Would there be any difference in your calculations of equivalent units if you used a weighted-average approach versus the FIFO approach? What is the reason for this? 3 Requirement 1. Compute the equivalent units in the mixing department for July 2018 for each cost category. (Enter an amount in each input cell. For amounts with a zero balance, make sure to enter "o" in the appropriate field) Equivalent Units Conversion Physical Units Chemical P Chemical Costs Work in process, beginning inventory 0 Started during current period 49,500 To account for 32,500 Completed and transferred out during current period Work in process, ending inventory Accounted for Work done in current period only versus the approach what is the reason II US Mixing department data ran e ap Physical Units Work in process, July 1 0 Units started 49,500 Completed and transferred to refining department 32,500 Costs: Chemical P $ 247,500 Chemical Q 65,000 Conversion costs 133,200 Chemical P is introduced at the start of operations in the mixing department, and Chemical Q is added when the product is 85% completed in the mixing department. Conversion costs are added evenly during the process. The ending work in process in the mixing department is 70% complete. Print Done