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On October 1, Vader Corporation's Inventory and the costs charged to Work in ProcessDepartment Princess during October are as follows: 8,000 units, 65% completed $

On October 1, Vader Corporation's Inventory and the costs charged to Work in ProcessDepartment Princess during October are as follows:

8,000 units, 65% completed $ 304,000
From Department Vader, 64,000 units 704,000
Direct labor 725,000
Factory overhead 525,000

During October, all direct materials are transferred from Department Vader, the units in process at October1 were completed, and of the 64,000 units entering the department, all were completed except 5,200 units which were 70% completed as to conversion costs. All materials are added at the beginning of the process

REQUIREMENT #1: Prepare a cost of production report for October using the FIFO Method (Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar.)

REQUIREMENT #2: Prepare a cost of production report for October using the Weighted-Average Method

(Round cost per equivalent unit to 4 decimal places, but the total amounts to nearest dollar.)

Equivalent Units
Units charged to production: Whole Units Direct Materials Conversion Total
Beginning WIP
(+) Transferred In
Total Units Accounted For:
Units to be assigned costs:
Beginning WIP
(+) Started & Completed
Transferred Out
(+) Ending WIP
Total Units to be Assigned Costs:
Cost per Equivalent Unit:
Beginning WIP
(+) Incurred this Period
Total Costs
(/) Total Equivalent Units
Cost per Equivalent Unit
Cost allocated to completed and partially completed:
Beginning WIP
To Complete WIP
(+) Started & Completed
Total Cost Transferred Out
(+) Ending WIP
Total Cost Assigned:

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