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please solve and show work Pet Products Company uses an automated process to manufacture its pet replica products. There are 2 departments, Design and Forming.
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Pet Products Company uses an automated process to manufacture its pet replica products. There are 2 departments, Design and Forming. The Forming Department had the following activities for June : Physical Trans In Direct Conversion Units Costs Materials Costs 200 $133,600 O $118,000 WIP Beg Inv Degree of Completion 100% 0% 75% 500 530 Transferred in Completed and Trans Out Ending Inv Degree of Completion 170 100% 0% 20% $112,000 Total Costs added DM Conversion Transferred in $148,000 $160,000 Required: 1.Prepare a production cost worksheet using the WAM method. 2. Prepare a production cost worksheet using the FIFO method Step by Step Solution
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