CME Manufacturing Corp. makes widgets and uses a process costing system. All the$$raw materials are added at the beginning of the process, finishing materials are added$$at $90\%$ completion, and conversion costs are added evenly throughout the process.$$Spoilage is detected at $85\%$ completion. The following information is from the last$$production month:$$Beginning work$-$in$-$process $40\%$ complete $1,500$ units$$Units started $8,000$ units$$Good units transferred out $7,000$ units$$Normal spoilage $3\%$ of good units transferred out$$Abnormal spoilage Unknown$$Ending work$-$in$-$process $60\%$ complete $2,000$ units$$Required:$$a$)$ Calculate the equivalent units of production using the weighted average method of$$process costing.$$b$)$ Explain the differences in the calculation of equivalent units if part $($a$)$ were$$completed using the FIFO method of process costing.$$Downloaded