Created a weight average report and fifo first-in first-out

Question

Assume for January

Dept 1 units

Beginning WIP 1/1                 0

Units started in process           10,000

Units transferred to Dept 2     8,000

Ending WIP 1/31                    1,500 (1/3 complete)

Lost Units                               500

Dept 1 in dollars

Beginning WIP 1/1                 $0

Costs added in January          

            Direct Materials          $4,465

            Direct Labor                $5,015

            FOH Applied              $7,225

Created a weight average report and FIFO (first-in, first-out) method