Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available. Work in process, August 1 (62% complete with respect to conversion) 17,500 Started in August 120,600 Completed 120,600 Work in process, August 31 (73% complete with respect to conversion) 17,500

Required:

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

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.