Larsen Company manufactures car seats in its Miami plant Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department (Click the icon to view information about Larsen Company's process-costing system) - X Data for the assembly department for October 2020 are as follows (Click the icon to view the assembly department data) Click the icon to view the weighted average cost per equivalent unt data and total costs accounted for More info Data table The process-costing systems at Larsen Company has a single direct-cost category (direct materials) and a single indirect cost category (conversion costs) Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department Enishes work on each car seat it is immediately transfemed to testing Larsen Company uses the FIFO method of process costing Work in process, October 1 Started during October 2020 Completed during October 2020 Requirements 1. For each cost category, compute equivalent units in the assembly department Show physical units in the first column of your schedule 2. For each cost category, summanze total assembly department costs for October 2020 and calculate the cost per equivalent unt 3. Assign total costs to units completed and transfened out and to unts in ending work in process 4 Explain any difference between cost per equivalent unit in the assembly department under the weighted-average method and the FIFO method 5 Should Larsen's managers choose the weighted-average method or the FIFO method? Explain briety Physical Units (Car Seats) 4500 20.500 Direct Materials $1,102 500 Conversion Costs $475,075 22.500 Work in process. October 31 2.500 Total costs added during October 2020 $3.907 500 $2,050 1251 "Degree of comption et nates % conversion conso% Degree of completion drect manera conversion 7% Print Done Clear all Check answer X Reference Costs incurred to date Divide by equivalent units of work done to date Direct Materials $ 5,100,000 $ Conversion Costs 2,535,000 25,000 24,375 $ 204 $ 104 Cost per equivalent unit for work done to date Total Direct Conversion Production Costs Materials Completed and transferred out S 6,930,000 $ 4,590,000 $ Work in process ending 705.000 510,000 Costs 2,340,000 195,000 7.635,000 $ 5 100 000 $ 2,535,000 Total costs accounted for