Name Calculate the Equivalent units using FIFO from the following data Honeybutter, Inc. manufactures a product that goes through two departments prior to completion. The following information is available about work in the first department, the Mixing Department, during June. Units Materals Conversion 75% 70 Started into production Comploted and tansferred out Workingprcoess, Ending 40.000 80000 5% 29% Materials Conversion $36.550 $391850 $13.500 300 Cotsaed arng ne Note: There are two options for calculating the Equivalent Units. See if you can get the same values for both material and conversion equivalent units with both options. See Chapter 4 FIFO PowerPoint Slides if you need more info. Option Beginning Work-in-Process units TO BE Completed Plus Units STARTED and COMPLETED Plus Ending Work-in-Process Option 2 Units Transferred out Plus Ending Work-in-Process Minus Beginning Work-in-Process