2 66 oints Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. eBook Hint Beginning work in process inventory Units started and completed 24,000 units 56,000 units Print Units completed and transferred out 80,000 units Ending work in process inventory 16,000 units References Mc Graw Exercise 20-4 (Static) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when processing begins. Total Direct Materials Units Percent Complete EUP 56.000 16.000 100% 100% 72.000 2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 75% Prev 2 of 6 Next > 2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 75% complete as to direct materials costs. ices Total Direct Materials Units Percent Complete EUP 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete as to direct materials costs. Total Direct Materials Units Percent Complete EUP