Monette Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon view information about Monette Company's process-costing system.) Data for the assembly department for October 2017 are as follows: E: (Click the icon to view the assembly department data.) (Click the icon to view the weighted average cost per equivalent unit data and total costs accounted for.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. (For amounts with a 0 balance, make sure to enter "0" in the appropriate cell.) Equivalent Units Direct Conversion Physical Units Flow of Production Materials Costs Work in process beginning Started during current period To account for Completed and transferred out during current period: From beginning work in process Started and completed Work in process, ending Accounted for Equivalent units of work done in current period only The process-costing system at Monette 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 finishes work on each car seat, it is immediately transferred to testing. Monette Company uses the FIFO method of process costing. Data Table Physical Units Direct Conversion (Car Seats) Materials Costs Work in process, October 10 4,500 $1,102,500 $475,875 Started during October 2017 20,500 Completed during October 2017 22,500 Work in process, October 31b 2,500 Total costs added during October 2017 $3,997,500 $2,059,125 Degree of completion direct materials, ?%; conversion costs, 60%. Degree of completion: direct materials, 2%; conversion costs, 75%. Reference 104 Direct Conversion Materials Costs Costs incurred to date $ 5,100,000 $ 2,535,000 Divide by equivalent units of work done to date 25,000 24,375 Cost per equivalent unit for work done to date $ 204 $ Total Direct Conversion Production Costs Materials Costs Completed and transferred out $ 6,930,000 $ 4,590,000 $ 2,340,000 Work in process, ending 705,000 510,000 195,000 7,635,000 $ 5,100,000 $ 2,535,000 Total costs accounted for Requirement 2. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. Begin by summarizing the total costs to account for. Total Direct Conversion Production Costs Materials Costs Total costs to account for Next calculate cost per equivalent unit for direct materials and conversion costs. Direct Conversion Materials Costs Divide by Cost per equivalent unit for work done in current period Requirement 3. Assign total costs to units completed and transferred out and to units in ending work in process. Begin by calculating the total from beginning inventory, then calculate the total costs accounted for. (Abbreviation used; WIP = work in process. For amounts with a $0 balance, make sure to enter "0" in the appropriate cell.) Total Direct Conversion Production Costs Materials Costs Completed and transferred out: Total from beginning inventory Total costs of units completed and transferred out Total costs accounted for Requirement 4. Explain any difference between the cost per equivalent unit in the assembly department under the weighted average method and the FIFO method. The cost per equivalent unit between the two methods because each method uses costs as the numerator of the calculation. The FIFO method uses and the weighted average method uses Both methods use equivalent units in the denominator