Cost Per Equivalent Unit / FIFO Fast Company, Inc. uses the weighted average method in its process costing system. The following data are available for one department in September: % completed Materials 65% 80% Units 20,000 10,000 Work-in-Process, Sept. 1 Work-in-Process, Sept. 30 Conversion 30% 40% This department started 200,000 units into production during the month and transferred 220,000 completed units to the next department. Required: 1. (5 points) Compute the equivalent units of production for September. 2. (5 points) Assuming the company uses the FIFO method, compute the equivalent units of production for materials and conversion for September. Cost Per Equivalent Unit / FIFO Fast Company, Inc. uses the weighted average method in its process costing system. The following data are available for one department in September: % completed Materials 65% 80% Units 20,000 10,000 Work-in-Process, Sept. 1 Work-in-Process, Sept. 30 Conversion 30% 40% This department started 200,000 units into production during the month and transferred 220,000 completed units to the next department. Required: 1. (5 points) Compute the equivalent units of production for September. 2. (5 points) Assuming the company uses the FIFO method, compute the equivalent units of production for materials and conversion for September