$3$ Hoyt, Incorporated has a process costing system at its Forest Street Plant. All materials are introduced when conversion costs reach $40$ percent. The following information is available for physical units during August: $20$ points eBook References Units started in August Units transferred out to Finishing Department in August Work in process, August $1(85\%$ complete as to conversion costs$)$ Work in process, August $31(25\%$ complete as to conversion costs$)$ Required: a$.$ Compute the equivalent units for materials costs and for conversion costs using the weighted$-$average method. b$.$ Compute the equivalent units for materials costs and for conversion costs using the FIFO method. Complete this question by entering your answers in the tabs below. c$.$ The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to $45$ percent $($from $25$ percent$).$ c$-1.$ What effect will this change have on the unit costs of units transferred to finished goods in March? c$-2.$ Would this be ethical? c$-3.$ Is this likely to be a successful strategy for affecting income over a long period of time? Req A Req B Materials Conversion costs Req C$1$ Req C$2$ K $165,000180,000$ Req C$3$ Compute the equivalent units for materials costs and for conversion costs using the weighted$-$average method. Equivalent Units Reg A $42,00027,000$ Req B $>$ Hoyt, Incorporated has a process costing system at its Forest Street Plant. All materials are introduced when conversion costs feach $40$ percent. The following information is avallable for physical units during August. Required: a$.$ Compute the equivalent units for materials costs and for conversion costs using the weighted$-$average method. b$.$ Compute the equivalent units for materials costs and for conversion costs using the FIFO method. c$.$ The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to $45$ percent $($from $25$ percent$).$ c$\mathrm{.}1.$ What effect will this change have on the unit costs of units transferred to finished poods in Morch? $-2.$ Would this be ethical? c$-3.$ Is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. Compute the equivalent units for moterials costs and for corversion costs using the weighted$-$average method.