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Exercise 8-39 (Algo) Compute Costs per Equivalent Unit: FIFO Method (LO 8-2, 5) The following cost information is available for July for the Crest Plant at Calvert Company: Materials are added at the beginning of the process. The following quantities have been recorded: - Beginning inventory, 48,000 partially complete gallons, 25 percent complete with respect to conversion costs. - Units started in July, 88,000 gallons. - Units transferred out in July, 98,000 gallons. - Ending inventory, 38,000 gallons, 50 percent complete with respect to conversion costs. Required: Compute the cost per equivalent unit for direct materials and for conversion costs for July using the FIFO method. Note: Round your answers to 2 decimal places. Exercise 8-38 (Algo) Assign Costs to Goods Transferred Out and Ending Inventory: Weighted-Average Method (LO 8-2, 3) The following cost information is avaliable for July for the Crest Plant at Calvert Company: Materials are added at the beginning of the process. The following quantities have been recorded: - Beginning inventory, 42,400 partially complete gallons, 25 percent complete with respect to conversion costs. - Units started in July, 84,800 gallons. - Units transferred out in July, 95,400 gallons. - Ending inventory, 31,800 gailons, 40 percent complete with respect to conversion costs. Required: Compute the cost of goods transferred out and the ending inventory for July using the weighted-average method. Note: Do not round your intermediate calculations. Exercise 8-37 (Algo) Compute Costs per Equivalent Unit: Weighted-Average Method (LO 8-2, 3) The following cost information is avallable for July for the Crest Plant at Calvert Company: Materials are odded at the beginning of the process. The following quantities have been recorded: - Beginning inventory, 49,500 partially complete gallons, 15 percent complete with respect to conversion costs. - Units started in July, 89,500 gallons. - Units transferred out in July, 99,500 galions. - Ending inventory, 39,500 gallons, 65 percent complete with respect to conversion costs. Required: Compute the cost per equivalent unit for direct materials and conversion costs for July using the weighted-average method. Note: Round your answers to 2 decimal places

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