M35 A B C. E F G H I 4 butter and hops are added at the beginning 5 6 The Company was founded January 15t2024 7 In 2024, Hogwart's Brewery purchased 40000 lbs of butter and 90000 lbs of barley hops 8 Butter costs $1 per pound and hops cost $0.50 per pound 9 10 In January, Hogwarts placed 30000 lbs of butter and 60000 lbs of barley hops into production 11 12 On January 31st, Hogwarts had produced 20000 kegs of Butterbeer the remaining brew was 3/4 complete. In January Hogwarts incurred $80000 in conversion costs In February, Hogwarts purchased 40000 lbs of butter and 90000 lbs of barley hops Butter costs $1 per pound and hops cost $0.50 per pound In February, Hogwarts placed 30000lbs of butter and 60000lbs of barley hops into production During February Hogwarts spent $80000 on other factory costs During February, Hogwarts had produced 22000 kegs of Butterbeer the remaining brew was 1/2 complete REQUIRED: A) USING WEIGHTED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR JANUARY B) USING WEIGHTED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY C) USING FIFO PROCESS COSTING DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY Introduction jobcost PROCESS ACTIVITY Ready ? Accessibilitor butter and hops are added at the beginning 13 14 15 TE 16 17 18 19 20 21 22 23 24 25 26 the remaining brew was 1/2 complete 29 30 31 M35 A B C. E F G H I 4 butter and hops are added at the beginning 5 6 The Company was founded January 15t2024 7 In 2024, Hogwart's Brewery purchased 40000 lbs of butter and 90000 lbs of barley hops 8 Butter costs $1 per pound and hops cost $0.50 per pound 9 10 In January, Hogwarts placed 30000 lbs of butter and 60000 lbs of barley hops into production 11 12 On January 31st, Hogwarts had produced 20000 kegs of Butterbeer the remaining brew was 3/4 complete. In January Hogwarts incurred $80000 in conversion costs In February, Hogwarts purchased 40000 lbs of butter and 90000 lbs of barley hops Butter costs $1 per pound and hops cost $0.50 per pound In February, Hogwarts placed 30000lbs of butter and 60000lbs of barley hops into production During February Hogwarts spent $80000 on other factory costs During February, Hogwarts had produced 22000 kegs of Butterbeer the remaining brew was 1/2 complete REQUIRED: A) USING WEIGHTED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR JANUARY B) USING WEIGHTED AVERAGE METHOD DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY C) USING FIFO PROCESS COSTING DETERMINE WORK IN PROCESS AND FINISHED GOODS FOR FEBRUARY Introduction jobcost PROCESS ACTIVITY Ready ? Accessibilitor butter and hops are added at the beginning 13 14 15 TE 16 17 18 19 20 21 22 23 24 25 26 the remaining brew was 1/2 complete 29 30 31