Gannett Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at Gannett has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. Gannett uses the FIFO method of process costing. Consider the following data for the assembly department in April 2020: (Click the icon to view the data.) (Click the icon to view the total costs assigned under the weighted-average method.) Read the requirements. Weighted-average FIFO Difference be indifferent between the two methods. Cost of units completed and transferred out $ 26,845 $ Work in process, ending $ 5,304 32,149 $ 26,455 5,694 (390) choose the FIFO method. 390 32,149 choose the weighted-average method. Total costs accounted for Given the relatively small difference in the income numbers generated by the two methods, Gannett's managers would likely If the differences are expected to be larger in future years, the managers should choose the method that will Gannett's operating income and taxes. They may have an incentive, however, to use the alternate method in order to obtain higher levels of income-based compensation or if there are debt income. One advantage of the FIFO method worth considering is that it provides better information for managing the business because it keeps covenants that would be violated by showing