Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March. Work in process, March 1 {TI'0% complete as. to conversion costs: 153,000 Units started in March 516,000 Units transferred to Finishing Department in March 646,000 Work in process, March 31 (30% complete as to conversion costs] 123,000 Required: in. 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 70 percent {from 30 percent}. c1. 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 effecting income over a long period of time? Complete this question by enterlng your answers In the tabs below. Reg 3 Reg c1 Req c2 Req c3 Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. Materials Conversion costs Rqu > Gradebook / ACC/349T: Cost / x Gradebook / ACC/349T: Cost / x Question 4 - Wk 4 - Apply: Sur x Course Hero * Q ACCT2023 ch2 connect Flashc x| C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fvle.phoenix.edu%252Fultra%252Fcourses%252F_336157_1%252Foutline%253Flaunch_id%253D46b3d496-394d-4fd8-8... ( * *0 ADP Time & Atten... JPROM Home Page e Phoenix @ Converge hosted... @> PSI Online - One s.. X Home - XCEL Solu... O Log On eCampus: Home Spiral Technology,.. AFP Home [ Virtual Security Tr. 00-25-234.pdf New Tab S Teacher Education.. Wk 4 - Apply: Summative Assessment [due Day 7] Saved Help Save & Exit Submit Check my work Yarmouth Company produces a liquid solvent in two departments: Mixing and Finishing. Accounting records at Yarmouth show the following information for Finishing operations for February (no new material is added in the Finishing Department). 20 points WIP inventory-Finishing Beginning inventory (10,700 units, 208 complete with respect to Finishing costs) Transferred-in costs (from Mixing) $ 123, 670 Finishing conversion costs 8, 003 Book Current work (99,400 units started) Mixing costs 944, 300 Finishing costs 472, 867 References The ending inventory has 14,700 units, which are 50 percent complete with respect to Finishing Department costs and 100 percent complete for Mixing Department costs. Required: Complete the production cost report using the weighted-average method. (Round "Cost per equivalent unit" to 2 decimal places.) Physical Units Equivalent Units Mixing Finishing Department Department Flow of units : Units to be accounted for: Beginning WIP inventory Units started this period Total units to account for Units accounted for: Completed and transferred out Units in ending inventory Mixing Finishing Total units accounted for Total Mixing Finishing Department Department Flow of costs: Costs to be accounted for: Cnete in haninning WIP inventon Mc Grav Complete the production cost report using the weighted-average method. [Round "Cost per equivalent unit" to 2 decimal places} Flow of units: Units to be accounted for: Beginning WIP inventory Units started this period Total units to account for Units accounted for: Completed and transferred out Units in ending inventory Mixing Finishing Total units accounted for Mixing Flnishi ng Total Department Department Flow of costs: Costs to be accounted for: Costs in beginning WIP inventory Current period costs Total costs to be accounted for Cost per equivalent unit Mixing Finishing Costs accounted for: Costs assigned to units transferred out Costs of ending WIP inventory Total costs accounted for