Spiderman Corp. has two departments. The following are the data of the two departments.

Quantity Department 1 Department 2

Beginning Work in Process 32,500 22,500

Incomplete Material 20% 30%

Conversion Cost completion 75% 40%

Units started in October 120,000 not given

Units completed in October not given 112,500

Ending WIP October 31 27,500 not given

Complete Materials 60% 0%

Complete Conversion Cost 80% 60%

Costs

Beginning WIP 0 287,500

Transferred in 200,000 120,000

Materials 187,500 42,500

Current Period

Transferred In 0 not given

Materials 875,000 125,000

Conversion 500,000 300,000

Requirement:

Using FIFO Method

(1) Compute for Equivalent Units of Production of the two departments

(2) Compute for the unit cost of the two departments

(3) Compute for the transferred to out the two departments

(4) Compute for the ending Inventory Costs for two departments

Using Weighted Method

(1) Compute for the Equivalent Units of Production of the two departments

(2) Compute for the unit cost of the two departments

(3)Compute for the costs transferred to out the two departments

(4)Compute the ending inventory costs for the two departments