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Question 1 (10 points) Pet Products Company es 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 Direct Physical Units Trans In Costs Materials Conversion Costs 150 0 $118,000 WIP Beg iny Degree of Completion $133,600 100X 0% 75% 500 530 Transferred in Completed and Trans Out Ending Iny Degree of Completion 120 100X ON 20% Tota Costs added DM $112,000 Conversion $148,000 Transferred in $160,000 Required: Prepare a production cost worksheet using the WAM method 2. Prepare a production cost worksheet using the FIFO method. Question 1 (10 points) Pet Products Company es 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 Direct Physical Units Trans In Costs Materials Conversion Costs 150 0 $118,000 WIP Beg iny Degree of Completion $133,600 100X 0% 75% 500 530 Transferred in Completed and Trans Out Ending Iny Degree of Completion 120 100X ON 20% Tota Costs added DM $112,000 Conversion $148,000 Transferred in $160,000 Required: Prepare a production cost worksheet using the WAM method 2. Prepare a production cost worksheet using the FIFO method