ABC Products Company uses process costing to manufacture

ABC Products Company uses process costing to manufacture its products. For June, the company had the following data.

Direct materials are placed into production at the beginning of the process and conversion costs are incurred evenly throughout the process.

Required:

1. Prepare a production cost worksheet using the FIFO method
2. Prepare a production cost worksheet using the Weighted Average Method.
3. Under which circumstances there will be no difference between using FIFO or Weighted Average Method for process costing. Please make your comments only for process costing not as an inventory cost flow approach.