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ne m. ole Co. for the Practica Fixed Co Question 5: Little Boy Blue Inc. uses process costing in costing out ting out their WIP inventory. Here is some informe their WIP account for the month of June: WIP Inventory, June 1: 5.000 units (100% DM, 80% Conversion) WIP Inventory, June 30: 8,000 units (100% DM, 50% Conversion) Materials Costs for WIP June 1: $ 20,450 Conversion Costs for WIP June 1: $26,160 Units Started in June: 30,000 units its completed and trans. Out: 24,000 units Materials Costs added: $ 99,600 Conversion Costs added: $ 210,060 Normal Spoilage is 10% of rood units and Normal and Abnormal spoilage have 100% OT UM and conversion. There are 3,000 spoiled units. With this information, please find: a. The cost per equivalent unit for direct materials using the weighted average method: b. The cost per equivalent unit for conversion costs using the weighted average method: c. Find the Total Cost of Goods manufactured using the weighted average method: d. Find the Total Cost of Ending Inventory using the weighted average method: e. The cost per equivalent unit for direct materials using the FIFO method:_ f. The cost per equivalent unit for conversion costs using the FIFO method: B. Find the Total Cost of Goods manufactured using the weighted FIFO method: h. Find the Total Cost for Ending Inventory using the FIFO method

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