Porter Handcrart s a manutecturer at pichure trames tor large retailers. Every picture trame passes through two departments: the assembly department and the hnishing deparment This problem tocuses on the sssembly department The process-coshng system at Porter has a single direct cost category direct materials and a single indirect cost category conversion costs Drec mater als ere added when the assembly department process is 10% complete. Conversion costs are added evenly dunng the assembly deparient's process Porler uses Uhe FIFO ielhod of picess costing. Corisider the following dala for e asseribly deparmerit in April 2014 (Click the icon to view the data ) ? Click the icon to view the total costs assigned under the weighted average method.) 1 Summarizc tolal asscmbly deparlment costs for April 2014, and assign total costs to units complted (and transferred out) and to units in cnding work in process 2. Explain any difference between the cost of work completed ?nd trans er ed out ?nd he cost o ending work in process in the assembly depart ent under he weighted average method and the FIFO method. Should Porter's managers choose e weighled-ave' ago: 'relhod u' th?FIFO melhod? Explain briefly. Production Costs Materials Costs Work in process, beginning Cosls added in uurrenl period Total costs to account for Next calculate coet per equivalent un or direct materias and onversion costs 3349 S 28.900 32 249 S 2,110 S 19.240 21,350S 1,239 9,660 Direct Materials Costs Divide by Cost per equivakent unil Physical Units Direct Conversion (Frames) Materials S2,110 Costs Total Direct Converslon 90 S1,239 Deginning work in prooess, (April Started dunng Apnil 2014 Compktod duing April 2014 Ending work in process, (April 30 lotal costs added aDegree of completion. drectraler s. 100%, conversion costs, 40%. Production Costs Materials Costs Completed and transt Work in process, ending Total costs accounted for 6,320 6,450 S 5929 $ 470 140 870 1 009 4 900 $19,24D 02,249 S 21,350 10,000