Required Information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] A process manufacturer reports the following: Conversion Percent Units Complete Beginning work in process inventory 160,000 90% Units started this period 335,000 Units completed and transferred out Ending work in process inventory 365,000 130,000 30% QS 3-5 (Algo) Weighted average: Computing equivalent units of production LO Compute the total equivalent units of production for conversion. The company uses the weighted avera Equivalent units of production: Weighted average method Total Units Conversion Percent Complete EUP Required Information Use the following information for the Exercises below. (Algo) 1 [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the followi Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory 29,600 units 44,400 units 74,000 units 17,200 units Exercise 3-4 (Algo) Weighted average: Computing equivalent units LO P Prepare the production department's equivalent units of production for direct materials under assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when processing begins. Total Units Direct Materials Percent Complete EUP 2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 70% complete as to direct materials costs. Total Direct Materials Units Percent Complete EUP 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 20% complete as to direct materials costs. Total Direct Materials Units Percent Complete EUP