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How Loud? Company mass-produces miniature speakers for personal sound systems. The following T-account presents the firm's cost information for June 2008: The company had 1,000

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How Loud? Company mass-produces miniature speakers for personal sound systems. The following T-account presents the firm's cost information for June 2008: The company had 1,000 units in process June 1. These units were 60 percent complete as to material and 30 percent complete as to conversion. during June, the firm started 8, 400 units and ended the month with 300 units still in process. The units in the ending WIP Inventory were 80 percent complete as to material and 70 percent compute as to conversion. a. Compute the unit costs for June under the FIFO method for direct material and for conversion. b. Determine the total costs transferred to Finished Goods Inventory during June using the FIFO method. c. Prepare the entries for the direct material, direct labor, and overhead applied to production during June as well as the transfer of the goods completed during June under the weighted average method for direct material and for conversion. e. Determine the cost fo inventory on June 30, using the weighted average method

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