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CoursHeroTranscribedText: Wk 4 - Practice: Ch. 7 and 8 Knowledge Check [due Day 5] i Saved + Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available. 4.28 points Work in process, August 1 (59% complete with respect to conversion) 16 , 500 Started in August 118, 300 Completed 118, 300 Work in process, August 31 (78% complete with respect to conversion) 16, 500 eBook References 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. Equivalent Units Materials Conversion Costs Using the weighted-average method Using the FIFO method