Littlejohn, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: rod cutting, plate cutting, and welding. All materials are added at the beginning of the process. Data for the plate cutting department are as follows: Beginning work in process (100% materials; 30% conversion) 10,000 Units started 370,000 Direct material cost $1,850,000 Units, ending work in process (100% materials; 80% conversion) 20,000 Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production for Direct materials and Conversion Costs using the weighted average method. 3. Calculate equivalent units of production for Direct materials and Conversion Costs using the FIFO method