Using FIFO compute for the total cost of units transferred out from Finishing Department.

Using Average method compute for the cost of goods sold assuming there was no beginning or ending inventory of finished goods for the month.

Using FIFO compute for the Equivalent unit for Finishing Department.

Using Average method compute for the Equivalent unit for Casting.

BETTERER Engine Corporation manufactures a single model of gasoline engine used in lawn mowers, portable generators and pumps. The basic engine block is cast from steel and machined in the Casting Department. Then it is transferred to the Assembly Department, where the crank shaft, valves and other component parts are added. After assembly, it is transferred to the finishing department where the engine is tested. Data related to) February operations are: Quantity data: CASTING ASSEMBLY FINISHING WIP, beg 500 1,000 300 Stage of Completion 25% 50% 50% Transferred to the next department 1,700 2,900 2,800 WIP, end 800 800 400 Stage of Completion 90% 40% 50% Cost Data: WIP, beg Cost of preceding department 63,150 42,840 Materials 10,925 40,258 Direct Labor 338 12,426 2,760 FOH 2,839 12,426 4,140 Factory Costs: Materials 146,575 116,480 Direct Labor 16,362 44,408 12,240 FOH 48,461 44,408 18,360