Exercise 20-4 Weighted average: Computing equivalent units c20 A production department in a process manufacturing system complated its work on 80.000 units of prodnet and transferred them to the next department during a recent period, or 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. Compute the production department's equivalent units of production for direct materials under each of three separate assumptions using the weighted average meth 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. Exercise 20-5A FIFO: Computing equivalent units c4 Refer to the information in Exercise 20-4 and complete the requirements for each of the three separate assumptions using the FIFO method for process costing. Part 1 Beginning inventory is 100% complete with respect to materials Ending inventory is 100% complete with respect to materials 8 EUP for Materials Units of Product 1 1 2 3 es 26 27 2 Beginning Inventory is 40% complete with respect to materials Ending Inventory is 75% complete with respect to materials 28 29 30 EUP for Materials 31 Units of Product 32 I 35 36 3 Beginning inventory is 60% complete with respect to materials Ending Inventory is 30% complete with respect to materials 39 40 EUP for Materials Units of Product VN