Exercise $8-26($Static$)$ Compute Equivalent Units $($LO $8-1,3,5)$Radford Products adds materials at the beginning of the process in Department A$.$ The following information on physical units for Department A for the month of January is available.Units started in January$890,000$Units completed in January$914,000$Work in process, January $1(25\%$ complete with respect to conversion$)96,000$Work in process, January $31(40\%$ complete with respect to conversion$)72,000$Required:

Compute the equivalent units for materials costs and for conversion costs using the weighted$-$average method. Equivalent units for materials and conversion costs.

Compute the equivalent units for materials costs and for conversion costs using the FIFO method. Equivalent units: Materials and conversion costs

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