Problem 1:

Kali Manufacturing Inc. began the year with the following.

Materials added at the beginning of the process

Required
Calculate the equivalent units for

1. material costs under the weighted average process cost method;
2. conversion costs under the weighted average process cost method;
3. material costs under the FIFO process cost method; and
4. conversion costs under the FIFO process cost method.

Problem 2:

Glass Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for the current month are as follows.

Required
Prepare a cost of production report for current month. Use Weighted-Ave process costing.