2) Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available:

Work in process, August 1 (57% complete with respect to conversion)	16,700
Started in August	121,700
Completed	121,700
Work in process, August 31 (72% complete with respect to conversion)	16,700

Required:

a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

	EQUIVILENT UNITS
MATERIALS	answer here
CONVERSION COSTS	answer here

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.

	EQUIVILENT UNITS
MATERIALS	answer here
CONVERSION COSTS	answer here