Answer:
We find the equivalent units for both Weighted Average Method and FIFO separately for cost  calculations . These are given along as required.
Explanation:
Titon Sports
Equivalent Units
Weighted Average Method
Particulars         Units       % of Completion              Equivalent Units
                                       Materials --Conversion    Materials --Conversion
Completed and 
Transferred     52,000    100%         100%               52,000     52,000
Ending work 
<u>in process      21,500        0%           20%                Zero         4300        </u>
<u>Equivalent Units                                                   52,000       56,300   </u>
Particulars         Units       % of Completion              Equivalent Units
                                             Transferred In                  Transferred In
Completed and 
Transferred     52,000               100%                              52,000    
Ending work 
<u>in process      21,500                  100%                           21,500</u>
<u>Equivalent Units                                                             73500</u>
<u>Particulars </u>             Transferred In     Materials     Conversion    Total
                                          Costs
Beginning WIP           $ 45,360           $0                  $17,660
<u>Total costs added     $154,560         $28,080           $89,310</u>
<u>Total Costs              199920            $28,080           106970    </u> <u>$334970</u>
b. Conversion cost per equivalent unit during March
                   Total Conversion Costs/ Total Equivalent Units Conversion
                =   106970/56,300 = $1.9 per Equivalent Unit
Materials cost per equivalent unit during March
  Total Materials Costs/ Total Equivalent Units Materials
                =   28080/52000 = $ 0.54 per Equivalent Unit
Transferred In cost per equivalent unit during March
Total Transferred In Costs / Total Transferred In Units 
                  = 199920 / 73500 = 2.72
C. Cost Assigned To Transferred Out Goods $ 268,320
Materials =  52,000*0.54= $ 28080
Conversion = 52,000* 1.9=  98800
Transferred in Units = 2.72 * 52000= 141440
Cost Assigned To Ending Work In Process $66650
Conversion = 4300* 1.9=  8170
Transferred in Units = 2.72 * 21500= 58,480
C. Total Costs Assigned = Transferred Out + Ending = <u>$334970</u>
d.  Conversion cost assigned to the ending work in process: $8170
Conversion = 4300* 1.9=  8170
<em>We see the difference between the weighted average and FIFO method is that the FIFO method only accounts for the current period costs not the total the costs.Where as the weighted method includes all the costs from preceeding department and also current costs.</em>
e.Titon Sports
Equivalent Units
FIFO Method
Particulars         Units       % of Completion              Equivalent Units
                                       Materials --Conversion    Materials --Conversion
Completed and 
Transferred     52,000    100%         100%               52,000     52,000
Ending work 
in process      21,500        0%           20%                Zero         4300   
Less 
<u>Beg. WIP       17500        0%            60%              Zero           10500</u>
<u>Equivalent Units                                                   52,000       45,800 </u>
Particulars         Units       % of Completion              Equivalent Units
                                             Transferred In                  Transferred In
Completed and 
Transferred     52,000               100%                              52,000    
Ending work 
in process      21,500                  100%                           21,500
Less 
<u>Beg. WIP       17500                  100%                             17500 </u>
<u>Equivalent Units                                                             56000</u>
<u>f. </u>Materials cost per equivalent unit during March (FIFO)
  Total Materials Costs/ Total Equivalent Units Materials
                =   28080/52000 = $ 0.54 per Equivalent Unit
g. Cost Assigned To WORK In Process (FIFO)  $ 8385
Conversion cost per equivalent unit during March
                   Total Conversion Costs/ Total Equivalent Units Conversion
                =  89310/ 45,800 = $1.95 per Equivalent Unit
Conversion = 4300* 1.95=  $ 8385
h.  Cost Assigned To Transferred Out Goods $ 273,000
Materials =  52,000*0.54= $ 28080
Conversion = 52,000* 1.95=  101,400
Transferred In cost per equivalent unit during March
Total Transferred In Costs / Total Transferred In Units 
= 154560 / 56,000 = 2.76
Transferred in Units Costs = 2.76 * 52000= 143520