9 Computing equivalent units, FIFO method Using the data given below for Cases 1-3 and the FIFO cost methodl compute the separate equivalent units of production, one for materials and one for labor and overhead, under each of the following assum in each assumption) a. All materials go into production at the beginning of the process. tions (labor and factory overhead are applied evenly during the process b. All materials go into production at the end of the process. (Note that this would have to be a department subsequent to the first depart ment for all materials to be added at the end of the process.) C. At the beginning of the process, 75% of the materials go into pro- duction and 25% go into production when the process is one-half completed. Case 1-Started in process 5,000 units; finished 3,000 units; work in process, end of period 2,000 units, three-fourths completed. Case 2-Opening inventory 5,000 units, three-fifths completed; started in process 40,000 units; finished 39,000 units; work in process, end of period 6,000 units, one-fourth completed. Case 3-Opening inventory 1,000 units, one-half completed, and 8,000 units, one-fourth completed; started in process 30,000 units; finished 29,000 units; closing inventory work in process 5,000 units, one-fourth completed, and 5,000 units, one-half completed Compare your answers with those from E6-1 on the average cost basis