A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 24,000 were in process at the beginning of the period. The other 56,000 units were started and completed during the period. At period-end, 16,000 units were in process.

Prepare the departments equivalent units of production with respect to direct materials under each of the three separate assumptions using the FIFO method for process costing.

Answer is not complete. Equivalent Units of Production (EUP)FIFO Method 1. All direct materials are added to products when processing begins. Units % Materials Units started and completed 56,000 100% Ending work in process 16,000 100% To complete beginning work in process 24,000 0% Total 96,000 EUPMaterials 56,000 16,000 0 2. Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 75% complete as to materials and conversion costs. Units % Materials EUPMaterials Units started and completed 56,000 100% 56,000 Ending work in process 16,000 75% 12,000 To complete beginning work in process 24,000 0 % 96,000 Total 3. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending inventory is 30% complete as to materials and 60% complete as to conversion costs. Units % Materials EUPMaterials Units started and completed 56,000 100% 56,000 Ending work in process 16,000 30% 4,800 To complete beginning work in process 24,000 Total 96,000