Question 2 of 7 The following three companies have just one manufacturing process in-house, they all incur conversion costs (CC) evenly throughout their process Units in beginning WIP Inventory Units started this period Units in onding WIP Inventory Units completed Units started this period Units completed Unitsin ending WIP Inventory Units in beginning WIP Inventory Units in beginning WIP Inventory Units started this period Units completed Unitsin ending WIP Inventory (a) (1) FIFO method 4.800 19.400 7,500 Weighted average method 13,700 18,600 4.000 10,300 ? 28,900 5.200 Additional information . . . . Additional information Units in beginning WIP Inventory are 75% complete for conversion costs Units in ending WIP Inventory are 50% complete for conversion costs DM is added when units reach 30% complete for conversion costs . Company A . Units in beginning WIP Inventory are 30% complete for conversion costs Units in ending WIP Inventory are 60% complete for conversion casts. DM is added at the very beginning of this process . Additional information Additional information Units in beginning WIP Inventory are 80% complete for conversion costs. Units in ending WIP Inventory are 3t complete for conversion costs DM is added when units reach 95% complete for conversion costs. Determine physical units and equivalent units of production for Company A under the (1) FIFO method and (2) weighted average method. B Determine Status of Physical Units to Convert to Equivalent Units Company B Company C Determine Status of Physical Units to Convert to Equivalent Units > > > > Physical Units Physical Units STEP 2 * Added This Period STEP 2 % Added This Period DM % DM 16 Equiv. Units Equix Units Equivalent Units % Added This Period Equivalent Units Conversion Costs % Added This Period Conversion Costs % % Equiv Units Equiv Units