Inky Pens Inc. is a factory that produces blue glitter ink and sells it to vendors in small glass vials. The process begins in the glass department and then is completed in the ink department. The following information relates to the ink department for April: Transferred in Ink ConversionCosts PhysicalUnits Ending Work-in-Progress (WIP) Inventory, MarchUnits Started in AprilUnits Completed in AprilEnding WIP Inventory, April 100%100% 10%96% 63%24% 2,94834,78033,5284,200 They also compiled the following cost data for April: Transferred in Ink ConversionCosts Beginning WIP InventoryCosts added during the period $ 3,900$48,903 $ 1,003$16,904 $ 2,001$55,674 The management of Inky is asking their accountant, Susan to provide information pertaining to both the First-In, First-Out (FIFO) method and the Weighted-Average method. Susan has worked for Inky for a few months, and she is looking forward to becoming involved in this process. With all of this information in mind, please answer the following questions. (Round units to whole number and cost to two decimal places.) ENTER ANSWERS AS NUMBERS WITH 2 DECIMALS, NO DOLLAR SIGNS, NO COMMAS. 1. What is the conversion cost per unit for the department using the weighted average method? [CCWA] 2. What are the total costs in Ending inventory using the weighted average method? [EIWA] 3. What is the direct materials cost per unit for the ink department using the FIFO method? [DMFIFO] 4. What is the total Cost of Goods Manufactured using the FIFO method? [COGMFIFO]
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