Global Defense manufactures the Interceptor Missile at its Camden plant. It has two departments: Assembly Department and Testing Department. This problem focuses on the Testing Department.

Direct materials are added when the Testing Department process is 90% complete. Conversion costs are added evenly during the Testing Department’s process. As work in Assembly Department is completed, each unit is immediately transferred to the Testing Department. As each unit is completed in the Testing Department, it is immediately transferred to Finished Goods.

Global Defense uses the weighted average method of process costing. Data for the Testing Department for October 2019 are:

	Physical Units (Missiles)	Transferred-in Costs	Direct Materials	Conversion Costs
Work-in-Process, 1 October*	30	R985 800	R0	R331 800
Transferred-in during October	?
Completed during October	105
Work-in-Process, 31 October**	15
Total costs added during October		R3 192 866	R3 885 000	R1 581 000

*Degree of completion: transferred-in costs, ?%; direct materials, ?%; Conversion costs, 70%

**Degree of completion: transferred-in costs, ?%; direct materials, ?%; Conversion costs, 60%

Required:

4.1       Calculate the percentage of completion for the transferred-in costs and direct materials in the beginning WIP inventory, as well as the for the ending WIP inventory.

4.2       Prepare a production statement using the weighted average method.

4.3       Prepare a production statement using the FIFO method.