Exercise 20-4 Weighted average: Computing equivalent units @c20 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 wer ocess at the beginning of the period. The other 56,000 units were started and completed during the peri period end, 16,000 units were in process. Compute the production department's equivalent units of production for direct materials under each of three separate assumptions using the weighted average method: 1. All direct materials are added to products when processing begins. 2. Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 75% complete as to materials and conversion costs. 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, 1 Beginning inventory is 100% complete with respect to materials Ending Inventory is 100% complete with respect to materials EU for Materials Units of Product 2 Beginning inventory is 40% complete with respect to materials Ending inventory is 75% complete with respect to materials EU for Materials Units of Product 3 Beginning inventory is 60% complete with respect to materials Ending inventory is 30% complete with respect to materials EU for Materials Units of Product