Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Middelton Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for October: a. All materials are added at the beginning of the process. b. Beginning work in process had 125,000 units, 40 percent complete with respect to conversion costs. c. Ending work in process had 25,000 units, 20 percent complete with respect to conversion costs. d. Started in process, 175,000 units. Required: 1. Prepare a physical flow schedule. 3. Compute equivalent units using the FIFO method. Feectoack * Check My Work 2. To calculate equivalent units, weighted average counts prior-period output in BWIP as belonging to the current period. So all completed units are treated as output of the current period. 3. FIFO treats the work (equivalent output) in BWIP as belonging to the prior period and only counts the work (equivalent output for each input) done this period as part of this period's output. 4. Suppose that the cost of direct materials in beginning work in process is $560,000 and that the direct materials cost incurred for October is $700,000. With these changes, answer the following