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Hoyt, Incorporated has a process costing system at its Forest Street Plant. All materials are introduced when conversion costs reach 40 percent. The following information is available for physical units during August: Required: . Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO mothod. c. The company president has been under considerable pressure to increase income. He telis the controller to change the estimated completion for ending work in process to 45 percent (from 25 percent). -1. What effect will this change have on the unit costs of units transferred to finished goods in March? -2. Would this be ethical? -3. Is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. The company president has been under considerable pressure to increose income. He tells the controller to change the estimated completion for ending work in process to 45 percent (from 25 percent). What effect will this change have on the unit costs of units transferred to finished goods in March? The change will reduce the unt cost for the units transferred to finished poods. The change will increase the unit cost for the units ransferred to fraished goods. Hoyt, Incorporated has a process costing system at its Forest Street Plant. All materiais are introduced when conversion costs reach 40 percent The following information is available for physical units during August: Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials 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 units transferred to finished goods in March? c2. Would this be ethical? c-3. Is this likely to be a successful strategy for affecting income over a long period of time? 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. Hoyt, Incorporated has a process costing system at its Forest Street Plant. All materials are introduced when conversion costs reach 40 percent. The following information is available for physical units during August: Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FiFO method. c. The company president has been under considerable pressure to increase income. He telis 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 units transferred to finished goods in March? c-2. Would this be ethical? c-3. Is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. 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 4S percent (from 25 percent). Is this likely to be a successful strategy for affecting income over a long period of time? Hoyt, Incorporated has a process costing system of its Forest Street Plant. All materiais 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 materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials 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 units transferred to finished goods in March? c-2. Would this be ethical? c-3. is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. Compute the equivalent units for materials costs and for conversion costs using the FifO method. Hoyt, Incorporated has a process costing system at its Forest Street Plant. All materials are introduced when converslon costs reach 40 percent. The following information is avaliable for physical units during August: Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method: b. Compute the equivalent units for materiais 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 units transferred to finished goods in March? c-2. Would this be ethical? c-3. Is this likely to be a successful strategy for affecting income over a long poriod of time? Complete this question by entering your answers in the tabs below. The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending mork in process to 45 percent (from 25 perchnt). Would this be ethical