Metlock Corp. manufactures kitchen appliances and gadgets, like coffee makers and can openers. Recently, the company ramped up production of its iced coffee brewer, anticipating increasing demand in the market. For the month of April, Metlock reported the following activity and cost information for its only production process dedicated to these coffee brewers. Units in beginning WIP Inventory Beginning WIP Inventory degree of completion Costs in beginning WIP Inventory New units started Costs added to WIP Inventory this period Units completed Unitsin ending WIP Inventory Ending WIP Inventory degree of completion (a) (c) Total cost of units completed Cost of units in ending WIP Inventory Account Titles and Explanation FG Inventory WIP Inventory The conversion costs are added evenly throughout this manufacturing process. Total cost of units completed $ Cost of units in ending WIP Inventory $ Units Account Titles and Explanation 700 14,100 $ 13,800 $ 1,000 Plastic 100% $3,048 Assuming Metlock Corp. uses the FIFO method of process costing, complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WIP Inventory in April. (Round cost per equivalent unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, eg. 5,125.) 100% Mesh $73,320 $6.550 Record the journal entry to recognize the cost of units completed and transferred out of the manufacturing process this month. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) 100% Debit $212 0% Debit Conversion Costs 70% $1,971 Assuming instead that Metlock Corp. uses the weighted-average method of process costing, complete Steps 1 to 5 in the template to determine the cost of units completed in April as well as the cost of units in ending WIP Inventory in April. (Round cost per equivalent unit to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 5,125.) $93,909 30% Credit Record the journal entry to recognize the cost of units completed and transferred out of the manufacturing process this month. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Credit