Use the following information for the Exercises below. (Static) Skip to question [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory 24,000 units Units started and completed 56,000 units Units completed and transferred out 80,000 units Ending work in process inventory 16,000 units Exercise 20-5A (Static) FIFO: Computing equivalent units LO C2 Prepare the