FYI the last 3 blanks have the same 3 options to choose from (descriptive, diagnostic, prescriptive, predictive). Only one of these per blank.

Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Middelton Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for October: a. All materials are added at the beginning of the process. b. Beginning work in process had 79,200 units, 35 percent complete with respect to conversion costs. c. Ending work in process had 12,300 units, 35 percent complete with respect to conversion costs. d. Started in process, 103,800 units. Required: 1. Prepare a physical flow schedule. 2. Compute equivalent units using the weighted average method. 3. Compute equivalent units using the FIFO method. a. What is the unit materials cost for the units in BWIP? Round your answers to the nearest cent. s b. What is the unit materials cost for units produced in October? Round your answers to the nearest cent. s Which method should be used to answer this question? Explain why the unit materials cost is not the same for weighted average and FIFO. Of the two unit calculations, next, then the unit costs for FIFO and WA uses only October costs and October output, so it differ. be used to calculate the unit materials cost for October. When those costs are changing from one period to the As part of your explanation, show that the weighted average unit cost for materials is the blend of the September unit materials cost and the October unit materials cost. Because the weights are the of total equivalent units for each unit cost. Calculating what the unit materials cost is for September is . Identifying the method that should be used for calculating October's unit materials cost is costs differ and showing how the Weighted Average method is a blend of BWIP and current cost is . Explaining why the two unit