1: Assume all materials go into production at the beginning of the process. There is no beginning inventory. There were 2000 units started in process. There were 500 units finished. Ending WIP is 1000 units, 60% completed. Required: Compute equivalent units for materials. Use FIFO method. Assignment 2: Refer to Assignment 1. Compute equivalent units of production for labor and overhead. Use FIFO method