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Question 2 (60 points) Surf Products Company uses an automated process to clean and polish its souvenir items. Materials are added at the beginning of
Question 2 (60 points) Surf Products Company uses an automated process to clean and polish its souvenir items. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, work in process of Cleaning Department is 40% complete and at the end of the month it is 60% complete. Other data of Cleaning Department for the month include: Physical Direct Conversion Units Materials Costs Beginning work in process 1,600 units $154,000 $82,080 Started during September 2.000 units Completed during September 3.200 units Ending work in process 2 Total costs added during September $260,000 $200,000 Required: (Show your work.) Calculate the costs allocated to the completed units and the ending work-in-process with supporting schedules using the weighted average method of process costing (60 points) ** Extra Credit Problem (30 extra points) Calculate the costs allocated to the completed units and the ending work-in-process with supporting schedules using the first-in-first-out (FIFO) method of process costing
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