Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March. Work in process, March 1 (60% complete as to conversion costs) Units started in March Units transferred to Finishing Department in March Work in process, March 31 (40% complete as to conversion costs) 160,000 620,000 650,000 130,000 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. c. The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to 60 percent (from 40 percent). C-1. What effect will this change have on the unit costs of units transferred to finished goods in March? c-2. Would this be ethical? c-3. Is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. Req A Req B Req ci Req C2 Req C3 Compute the equivalent units for materials costs and for conversion costs using the weighted average method. Equivalent Units Materials Conversion costs Reg A ReqB > Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March. Work in process, March 1 (60% complete as to conversion costs) Units started in March Units transferred to Finishing Department in March Work in process, March 31 (40% complete as to conversion costs) 160,000 620,000 650,000 130,000 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. c. The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to 60 percent (from 40 percent). C-1. What effect will this change have on the unit costs of units transferred to finished goods in March? c-2. Would this be ethical? c-3. Is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. Req A Reg B Reg C1 Req C2 Req C3 Compute the equivalent units for materials costs and for conversion costs using the FIFO method. Equivalent Units Materials Conversion costs Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March. Work in process, March 1 (60% complete as to conversion costs) Units started in March Units transferred to Finishing Department in March Work in process, March 31 (40% complete as to conversion costs) 160,000 620,000 650,000 130,000 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. c. The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to 60 percent (from 40 percent). C-1. What effect will this change have on the unit costs of units transferred to finished goods in March? c-2. Would this be ethical? C-3. Is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. Req A Req B Req C1 Reg C2 Reg C3 The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to 60 percent (from 40 percent). What effect will this change have on the unit costs of units transferred to finished goods in March? The change will reduce the unit cost for the units transferred to finished goods. The change will increase the unit cost for the units transferred to finished goods. Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March. Work in process, March 1 (60% complete as to conversion costs) Units started in March Units transferred to Finishing Department in March Work in process, March 31 (40% complete as to conversion costs) 160,000 620,000 650,000 130,000 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. c. The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to 60 percent (from 40 percent). C-1. What effect will this change have on the unit costs of units transferred to finished goods in March? c-2. Would this be ethical? C-3. Is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. Reg A Req B Reg C1 Reg C2 Reg C3 The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to 60 percent (from 40 percent). Would this be ethical? Yes O No Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March. Work in process, March 1 (50% complete as to conversion costs) Units started in March Units transferred to Finishing Department in March Work in process, March 31 (40% complete as to conversion costs) 160,000 620,000 650,000 130,000 Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. c. The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to 60 percent (from 40 percent). c-1. What effect will this change have on the unit costs of units transferred to finished goods in March? c-2. Would this be ethical? c-3. Is this likely to be a successful strategy for affecting income over a long period of time? Complete this question by entering your answers in the tabs below. Req A Reg B Reg Ci Reg C2 Reg C3 The company president has been under considerable pressure to increase income. He tells the controller to change the estimated completion for ending work in process to 60 percent (from 40 percent). Is this likely to be a successful strategy for affecting income over a long period of time? Yes No