Problem 2: Old Windows Inc. (Process Costing) Old Windows produces glass windows for homes. The glass is first cut into the desired size in a cutting department and then assembled in the assembly department. The following information is available in the assembly department for the month of November: Beginning work in process (units) 20,000 Costs transferred from Cutting department $200,000 Process costs incurred in Assembly (40% complete) $100,000 No. of units transferred in November from Cutting dept. (units) 150,000 Ending work in process (units) 30,000 Costs transferred from Cutting dept. in November $1,540,000 Process costs incurred in Assembly department in $2,100,000 November As indicated above, the beginning balance of work in process was 40% complete with respect to assembly department process costs at the start of November. The units in work in process at the end of November were 40% complete with respect to assembly department process costs. For the month of November, a) compute costs transferred out and costs in ending work in process (WIP) for the assembly department using the (i) weighted average method and the (ii) FIFO method (5 points) b) Which method results in higher ending balance in WIP and why? (1 point) (Please do not round intermediate calculations.)