The Bakery started the month of April with beginning work in process of 200 units that were 75% complete. During the month of April, 80 units were started and 60 units were completed and transferred out.

1. How are beginning work in process (BWIP) units treated under the FIFO method vs the weighed average method.

2. If I use the weighted average method, how many units are in ending work in process (EWIP) at the end of April?

3.GAAP allows either the weighted average method or FIFO method to be used. How would I decide which method is more appropriate for a U.S. corporation to use?