#2 chapter 11

On January 1, Lei Company had 1,100 gallons of juice that were already 30% complete for conversion costs at that time. Conversion costs are added evenly throughout production, while two DM resources are added at different stages: flaworing added at the beginning of the process, and packaging, added when units have recelved 95% of conversion costs. Throughout the year, Lei started another 65,000 gallons of juice. By year-end, 64,500 gallons had been completed, leaving 1,600 gallons still in WiP Imventory. Theseending units weriz 80% complete for conversion costs so had not yet been packaged. (c2) Are the equivalent units of production under the weighted-average and FIFO methods the same? Why or why not