PROBLEM l: 6 POINTS) Erin Company's Inventory at December 1, and the costs charged to Work in Process-Department B during December are as follows: 1,200 units, 40% completed From Department A, 26,000 units Direct labor Factory overhead 47,800 845,000 312,000 176, 770 During December,al drect materials are transferred from the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs. All materials are added at the beginning of the process Department A, the units in process at December 1 were completed, and of REQUIREMENT 1: Prepare a cost of production report for December using the FIFO Method REQUIREMENT 12: Prepare a cost of production report for December using the Weighted-Average Method PROBLEM l: 6 POINTS) Erin Company's Inventory at December 1, and the costs charged to Work in Process-Department B during December are as follows: 1,200 units, 40% completed From Department A, 26,000 units Direct labor Factory overhead 47,800 845,000 312,000 176, 770 During December,al drect materials are transferred from the 26,000 units entering the department, all were completed except 1,000 units which were 70% completed as to conversion costs. All materials are added at the beginning of the process Department A, the units in process at December 1 were completed, and of REQUIREMENT 1: Prepare a cost of production report for December using the FIFO Method REQUIREMENT 12: Prepare a cost of production report for December using the Weighted-Average Method