Accounting 356 Homework 5 1) (8 points). Consider the following data for the assembly division of Quantix, Inc. for the month of June 2020: Physical units 100 510 450 160 Direct Materials 459,888 Conversion Costs $142,570 Beginning WIP Started in June Completed during June Ending WIP Total costs added during June $3,237,000 $1.916,000 Beginning WIP completion direct materials, 80%; conversion costs, 35%. Ending WIP completion direct materials. 80%; conversion costs, 40%. a) (2 points) Using weighted-average method of process costing, compute equivalent units for direct materials and conversion costs. b) (2 points) Using weighted average method of process costing, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to the units completed and transferred out) and units in ending work in process. 6) (2 points) Using the FIFO method of process costing, compute equivalent units for direct materials and conversion costs. d) (2 points) Using the FIFO method of process costing, calculate the cost per equivalent unit for direct materials and conversion costs, and assign costs to units completed (and transferred out) and to units in ending work in process 2) (2 points) Assuming no beginning WIP, which of the following is true a) Equivalent units computed using the weighted average method will be greater than equivalent units computed using the FIFO method. b) Equivalent units computed using the weighted average method will be lower than equivalent units computed using the FIFO method. c) Equivalent units will be the same between whether computed using the weighted average or FIFO method. d) There is not enough information to know whether Equivalent units will be the same or different when computed using the weighted-average or FIFO method