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please C1 On January 1, Metlock Company had 1,100 gallons of juice that were already 30% complete for comversion costs at that time, Conversion costs

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On January 1, Metlock Company had 1,100 gallons of juice that were already 30% complete for comversion costs at that time, Conversion costs are added evenly throughout production, while two DM resources are added at different stages; flavoring, added at the beginning of the process, and packaging, added when units have received 95% of conversion costs. Throughout the year, Metlock started another 59,300 gallons of juice. By year-end, 58,800 gallons had been completed, leaving 1,600 gallons still in WIP inventory. These ending units were 80% complete for conversion costs so had not yet been packaged. (a) Assuming that Metlock uses the FiFO method of process costing. use Step 1 of the template to determine its physical flow of units and lidentify degree of completion. Assuming that Metlock uses the FIFO method of process costing, use Step 1 of the template to determine its physical flow of units and identify degree of completion. Now, use Step 2 of the template to determine equivalent units of production this year. Now, use Step 2 of the template to determine equivalent units of production this year. emplate to determine equivalent units of production this year. If Metiock had instead used the weighted-average method of process costing. what would its equivalent units of production have been this period? If Metlock had instead used the weighted-average method of process costing, what would its equivalent units of production have been this period

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