Question $2$: Convert the physical units into equivalent units of production $($EUP$)$:

The following table outlines the physical flow of units and their corresponding equivalent units within the production process.

It is important to understand that, under the FIFO method, we provide a distinct account for units from prior periods

$($beginning WIP$)$ and units introduced during the current period. We differentiate between "old" $($beginning WIP$)$ and

"new" $($units started this period$)$ when representing the completed units. This distinction is essential because the

FIFO method requires us to treat these batches separately to accurately reflect the cost incurred in each period.