Williams Corporation's Department A has the following information: % Completed Costs Beginning work in process: 6,000 units Direct Materials 80 $ 43,708 Conversion 40 $ 35,550 New Units Started: 28,000 units Costs added during the month: Direct Materials $ 112,000 Conversion S 88.200 Ending work in process: 2,000 units Direct Materials Conversion 50 Required: 1. Use the FIFO method to calculate: (a) Equivalent units. (b) Cost per unit, rounded to four decimal places. (c) Cost completed and transferred out, rounded to the nearest whole dollar. (d) Cost in the ending work-in-process inventory, rounded to the nearest whole dollar. 2. Use the weighted-average method to answer items (a) through (d) in requirement 1. (a) Equivalent units. Physical Units Percentage Completion Weighted Average Equivalent Units Materials Conversion FIFO Equivalent Units Materials Conversin 6,000 80% 80% 40% Beginning WIP Materials Conversion Units started Total to account for Units Finished Ending WIP Materials Conversion Total accounted for Less: Beginning WIP Total Equivalent Units 28,000 34.000 32,000 2,000 60% 50% 6,000 = = = Materials Conversion Total (b) Cost per unit, rounded to FOUR decimal places. DETERMINE TOTAL COSTS Beginning WIP Current Costs TOTAL WTAVG Cost per EU FIFO Cost per EU Total (c) Cost completed and transferred out, rounded to the nearest whole dollar. (d) Cost in the ending work-in-process inventory, rounded to the nearest whole dollar. Units Completed and Units in Ending WIP COST ASSIGNED-WEIGHTED AVERAGE Transferred Out Inventory Finished Goods 32,000 units S Ending WIP 2,000 units Materials Conversion TOTAL MANUFACTURING COSTS ACCOUNTED FOR Units Completed and Transferred Out Units in Ending WIP Inventory Total COST ASSIGNED-FIFO Finished Goods 32,000 units Prior period costs in Beginning WIP Current per. Cost to complete Beg WIP Materials Conversion Cost of units started and finished TOTAL Ending WIP 2,000 units Materials Conversion TOTAL MANUFACTURING COSTS ACCOUNTED FOR