Question: Use the following data to calculate "cost to be accounted for" and "cost accounted for". This requires you to determine cost per equivalent unit for material and conversion (All in all the blank spaces. Complete these tasks using the weighted-

average method and che sIro mechod.

Weighted-Average

FIFO Method

The End

Weighted-Average Method WIP: 01Nov Units Started into Production Units Completed \& Transferred Out WIP: 30 Nov Units Completed \& Transferred Out Equivalent Units WIP: 30 Noy Total Equivalent Units during Nov Costs to be accounted for WIP Cost: 01 Nov Cost added to assembly. Total Cost to be accounted for Total Equivalent Units during Nov Cost per Equivalent Units Costs accounted for WIP: Equivalent anits 30 Nov Cost per Equivalent Units Total cost of Ending WIP Units transferred Out Cost per Equivalent Units Total Cost Transferred Out Total Cost accounted for 6507,0006.5501,100 Units Material 30% Conversion 50% 45% 20% s \begin{tabular}{r|r} $3,500 \\ $200,000 \\ & 5 \\ \hline \end{tabular} $8,500 $50,000 5 5 5 5 5 5 5 5 5 5 FIFO Method WIP: 01Nov Units Started into Production Units Completed \& Transferred Out WIP: 30 Nov WIP Units: 01 Nov Units Started into Production WIP Units: 30 Nov Total units WIP: 01 Nov Started \& Transferred Out WIP: 30 Nov Total Equivalent Units Produced Cost added to assemble Cost per equivalent units WIP: Unit 30 Nov WIP Cost 30 Nov Cost in beginning inventory Equivalent Units needed to complete Cost per equivalent units Cost to complete beginning inventory Units started \& completed Cost per equivalent units Cost Units started \& completed Cost to be accounted for Cost in beginning inventory Cost added to assemble Total cost to be accounted for Cost accounted for Cost in beginning WIP Cost in ending WIP Cost to complete beginning WIP Cost started \& completed Total cost accounted for