What is the difference between Operating Budget and a Continuous Budget? 1. Winmat Inc. uses a process costing system and manufacture computers using parts purchased from various suppliers in the country and overseas. There are several steps in the production process, starting with assembly of the "mother" circuit board, which contains the central processing unit. This assembly takes place in the CPU Assembly Department. The following details are available regarding a particular process in the company Percent Completed Units Material Conversion Work in Process - October 1 50,000 90% 60% Work in Process - October 31 30,000 7096 5096 The unit started 390,000 units into production during the month and has transferred 410,000 completed units to the next department. Required: Compute the equivalent units of production for October, using a. Weighted Average Method b. First in First Out Method