Process costing, weightedaverage and FIFO methods with transferredin cost.

Sam's Company has two dept., an assembly dept. and a finishing dept. The following information relates to the finishing department:

WIP June 1	15 units
Transferred-in: 100% complete	$125
Direct material: 100% complete	85
Conversion: 30% complete	72
Balance in work-in-process, June 1	282
Units transferred in from assembly dept. during June	75 units
Units completed during June and transferred out to finished goods inventory	80 units
WIP, June 30	10 units
Transferred-in : 100% complete
Direct materials : 100% complete
Conversion: 60% complete
Costs incurred during June:
Transferred-in	$815
Direct materials	725
Conversion	878
Total current costs	$2,418

Required:

1.Prepare a production cost worksheet for June using the weightedaverage method.

2.Prepare a production cost worksheet for June using the FIFO method.