Smith Electronic Company's chip-mounting production department had 300 units of unfinished product each 50% completed on September 30. During October of the same year, this department put another 800 units into production and completed 900 units and transferred them to the next production department At the end of October, 200 units of unfinished product. 70% completed, were recorded in the ending Work-in-Process Inventory Smith Electronic introduces all direct materials when the production process is 50% complete. Direct labor and factory overhead (le, conversion) costs are added uniformly throughout the process Following is a summary of production costs incurred during October Direct Materials Beginning work-in-process costs added in October Total costs Conversion Costs $ 3,125 6,000 $9,125 $8,700 58,70 Required: 1. Calculate each of the following amounts using weighted average process costing a Equivalent units of direct materials and conversion b. Equivalent unit costs of direct materials and conversion c Cost of goods completed and transferred out during the period. d. Cost of Work-in-Process Inventory at the end of the period. 2. Prepare a production cost report for October using the welghted-overage method. 3. Repeat requirement using the FIFO method 4. Repeat requirement 2 using the FIFO method Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 1. Calculate each of the following amounts using weighted average process costing a. Equivalent units of direct materials and conversion b. Equivalent unit costs of direct materials and conversion (Round intermediate calculations to 2 decimal places) c. Cost of goods completed and transferred out during the period. (Round intermediate calculations to 2 decimal places) d. Cost of Work in Process Inventory at the end of the period. (Round intermediate calculation to 2 decimal places) Show less Direct Materials Conversion Equivalent units Equivalent untos Cost of onde completed and transferred out d. Cost of work in procent ti