Ch 20: Homework - REQUIRED Saved Help Save & Exit Submit Check my work 2 ! 1.66 points 8 Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units. 24.000 were in process at the beginning of the period. The other 56.000 units were started and completed during the period. At period-end, 16,000 units were in process. 00:49:13 eBook Exercise 20-4 Weighted average: Computing equivalent units LO C2 Hint Prepare the production department's equivalent units of production for direct materials under each of three separate assumptions using the weighted-average method for process costing. Print Equivalent Units of Production (EUP)Weighted Average Method 1. All direct materials are added to products when processing begins. Units % Materials EUPMaterials References Total 2. Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 75% complete as to materials and conversion costs. Units % Materials EUPMaterials Total 3. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending inventory is 30% complete as to materials and 60% complete as to conversion costs. Units % Materials EUPMaterials Total Mc Graw