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 (l.e., 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 Conversion Costs $ 2,500 4,400 $ 6,900 $9, 280 $9, 2ee Total costs 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 weighted average method. 3. Repeat requirement 1 using the FIFO method. 4. Repeat requirement 2 using the FIFO method. Complete this question by entering your answers in the tabs below. 0 Prepare a production cost report for October using the weighted average method. (Round your answers to the nearest whol amount. Round "Cost per equivalent unit" to 2 decimal places.) SMITH ELECTRONIC COMPANY Chip-Mounting Production Department Weighted-Average Production Cost Report Production Quantity Information Step 1: Analyze Flow of Physical Step 2: Calculate Equivalent Units Units Completion Direct Physical Units Percentage Materials Conversion Input Beginning work-in-process inventory Direct materials % Conversion % Started this period Total to account for Output Completed % Ending work-in-process inventory Completion percentage Direct materials % Conversion % Total accounted for Total work done to date (Total equivalent units) Unit Cost Determination Total Direct Conversion Step 3: Determine Costs to Account for Total Materials Costs Beginning work-in-process inventory Current costs Total costs to account for S $ 0 S 0 0 0 0 Step 4: Compute Unit Costs Cost per equivalent unit Cost Assignment Completed and Transferred Out Ending Work- in-Process Total Step 5: Assign Total Manufacturing Costs Units completed and transferred out Ending work-in-process Materials Conversion Total costs accounted for S 0 S 0