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 75,800 units, 40 percent complete with respect to conversion costs. C. Ending work in process had 14,000 units, 35 percent complete with respect to conversion costs. d. Started in process, 107,100 units. Required: 1. Prepare a physical flow schedule. Middelton Company Physical Flow Schedule Units to account for: Units, beginning work in process , 75,800 Units started 107,100 182,900 Total units to account for Units accounted for: Units completed and transferred out: Started and completed 93,100 From beginning work in process 75,800 Units, ending work in process 14,000 Total units accounted for 182,900 Feedback 2. Compute equivalent units using the weighted average method. Weighted average method: Equivalent Units Direct Materials 182,900 Conversion Costs 173,800 3. Compute equivalent units using the FIFO method. FIFO method: Equivalent Units Direct Materials 107,100 Conversion Costs 143,480 4. Suppose that the cost of direct materials in beginning work in process is $547,000 and that the direct materials cost incurred for October is $781,800. With these changes, answer the following: a. What is the unit materials cost for the units in BWIP? Round your answers to the nearest cent. 8.54 b. What is the unit materials cost for units produced in October? Round your answers to the nearest cent. 7.30 X