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Please help me with the questions in the file. Thank you! Q1) Equivalent Units: FIFO Method The following data are for four independent process-costing departments.

Please help me with the questions in the file. Thank you!

image text in transcribed Q1) Equivalent Units: FIFO Method The following data are for four independent process-costing departments. Inputs are added continuously. Compute the equivalent units of production for each of the four departments using the FIFO method. Q2) Equivalent Units: Weighted Average Method The following data are for four independent process-costing departments. Inputs are added continuously. A B C D Beginning inventory 7,000 3,000 41,000 Percent completion 30% 80% 70% Units started 29,000 20,000 48,000 31,000 Ending inventory 6,000 10,000 13,000 Percent completion 20% 30% 25% Required: Compute the equivalent units of production for each of the preceding departments using the weighted average method. Q3) Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory, Activity-Based Costing. Lacy, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Materials are added at the beginning of the process. Overhead is applied using the following drivers and activity rates: 1. Prepare a physical flow schedule. If an answer is zero, enter "0". 2. Calculate equivalent units of production for: Equivalent Units a. Direct Materials b. Conversion Costs Correct 1 of Correct 2 of 3. Calculate unit costs for the following. $ Correct 3 of a. Direct materials per unit b. Conversion costs per Correct 4 of unit c. Total manufacturing $ Correct 5 of per unit 4. Provide the following information: a. The total cost of units transferred out b. The journal entry for transferring costs from Plate Cutting to Welding c. The cost assigned to units in ending inventory

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