Lexington Company produces baseball bats. It has two departments that process all products. During July, the beginning work in process in the cutting department was half completed as to conversion, and complete as to direct materials. The beginning inventory included $40,000 for materials and $60,000 for conversion costs. Ending work-in-process inventory in the cutting department was 40% complete. Direct materials are added at the beginning of the process. Beginning work in process in the finishing department was 80% complete as to conversion costs Direct materials for finishing the units are added near the end of the process. Beginning inventories included $24,000 for transferred-in costs and $28,000 for conversion costs. Ending inventory was 30% complete. Additional information about the two departments follows: Finishing 24,000 Beginning work-in-process units Units started this period Units transferred out this period Ending work-in-process units Cutting 20,000 60,000 64,000 68,000 20,000 Material costs added Conversion costs added Transferred-out cost $48,000 28,000 128,000 $34,000 68,500 Required: a. Prepare a production cost worksheet, using FIFO for the finishing department. b. Prepare a production cost worksheet, using Weighted-Average Method for the finishing department