Exercise 8-30 (Algo) Compute Equivalent Units: Ethical Issues (LO 8-1, 3, 5) Hoyt, Incorporated has a process costing system at Its Forest Street Plant. All materlals are Introduced when conversion costs reach 40 percent. The following information Is avallable for physical units during August: Required: a. Compute the equivalent units for materlals costs and for conversion costs using the welghted-average method. b. Compute the equivalent units for materlals 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 45 percent (from 25 percent). c-1. What effect will this change have on the unit costs of unlts transferred to finlshed goods in March? c-2. Would this be ethical? c-3. Is this IIkely to be a successful strategy for affecting income over a long perlod of time? Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method