Assume the following information: Units 300 6,000 Percent Complete Materials Conversion 70% 30% Milling Department Beginning work in process inventory Units started into production during March Units completed during March and transferred to the next department Ending work in process inventory 5,800 500 100% 70% 100% 408 Using the FIFO method, what is the equivalent units of production for materials? Assume the following information: Percent Complete Materials Conversion 25% 28 Refining Department Beginning work in process inventory Units started into production during March Units completed during the period and transferred to the next department Ending work in process inventory Units 400 8,400 8,100 700 100% 808 100% 40% If the equivalent units of production for conversion is 8,300 units using the FIFO method, then what is the percent complete for the beginning wo process inventory with respect to conversion? Assume the following information: Selling price Variable expense ratio Fixed expenses Unit sales Amount $ 30 80% $ 8,000 per month 3,400 per month How many units need to be sold to achieve a target profit of $18,850? Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Per Year Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit $200 $ 71 $ 50 $ 9 $ 8 $300,000 Using absorption costing, what is the company's net operating income