Required information [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferredfout Ending work in process inventory 24,000 units 56,000 units 80,000 units 16,000 units Prepare the department's equivalent units of production for direct materials for each of the three separate assumptions using the FIFO method. Equivalent Units of Production (EUP)-FIFO Method ces 1. All direct materials are added to products when processing begins. Direct Materials Units Percent Added EUP Started and completed 80,000 100% 80,000 Ending work in process inventory 16,000 100% 16,000 Total