JME is considering the difference between W/A and FIFO when it comes to process costing. Below is some data from a previous month.

Beginning WIP 1,000 units

RM >> 60% complete >> $1,200

C >> 35% complete >> $1,750

Started 42,000 units

RM = $88,704

C = $181,331

Ending WIP 800 units

RM >> 80% complete >> $???

C >> 40% complete >> $???

Requirements:

1 You are to compute CGM and Ending WIP under W/A

2 - You are to compute CGM and Ending WIP under FIFO