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Marigold Industries works hard to keep pace with demand for its modern chandelier. To get it out the door, Marigold first machines raw materials into key component parts. Nog, the component parts are assembled, These two processing departments work together. coordinating the output from the machining process into the assembly process. All DM resources are added at the beginning of the machining process, while conversion costs are added evenly throughout the process. For May, the following information was availabie for the machining process. Determine the total cost of units completed and the cost of units in ending WIP Imventory-Machining in May by completing Steps 1-5 of the template, assuming Marigold Industries uses the FIFO method of process costing. Total cost of units completed Cost of units in ending WIP Inventory Determine the total cost of units completed and the cost of units in ending WIP Inventory -Machining in May by completing Steps 15 of the template, assuming Novak industries uses the weighted-awerage method of process costing. Total cost of units completed Cost of units in ending WIP Inventory Record the journal entry to account for the transfer of units completed out of the WIP Inventory-Machining account consistent with (1) the FIFO method and (2) the weighted-average method. (Credit occount titles ore outomoticolly indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List all debit entries beforecredit entries) Marigold Industries works hard to keep pace with demand for its modern chandelier. To get it out the door, Marigold first machines raw materials into key component parts. Nog, the component parts are assembled, These two processing departments work together. coordinating the output from the machining process into the assembly process. All DM resources are added at the beginning of the machining process, while conversion costs are added evenly throughout the process. For May, the following information was availabie for the machining process. Determine the total cost of units completed and the cost of units in ending WIP Imventory-Machining in May by completing Steps 1-5 of the template, assuming Marigold Industries uses the FIFO method of process costing. Total cost of units completed Cost of units in ending WIP Inventory Determine the total cost of units completed and the cost of units in ending WIP Inventory -Machining in May by completing Steps 15 of the template, assuming Novak industries uses the weighted-awerage method of process costing. Total cost of units completed Cost of units in ending WIP Inventory Record the journal entry to account for the transfer of units completed out of the WIP Inventory-Machining account consistent with (1) the FIFO method and (2) the weighted-average method. (Credit occount titles ore outomoticolly indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. List all debit entries beforecredit entries)

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