Required information Use the following information for the Exercises below. {The following information applies to the questions displayed below.] The production department in a process manufacturing system completed 82,000 units of product and transferred them to finished goods during a recent period. Of these units, 24,600 were in process at the beginning of the period. The other 57,400 units were started and completed during the period. At period-end, 165,100 units were in process. Exercise 16-4 Weighted average: Computing equivalent units LO C2 Prepare the department's equivalent units of production with respect to direct materials under each of three separate assumptions using the weighted-average method for process costing Equivalent Units of Production (EUP) Weighted Average Method 1. All direct materials are added to products when processing begins. Units % Materials EUP- Materials "Goods completed 82,000 Ending work in process Total EUP + 2. Beginning inventory is 30% complete as to materials and conversion costs. Ending inventory is 70% complete as to materials and conversion costs. EUP Units % Materials Materials Goods completed Ending work in process Total EUP 3. Beginning inventory is 70% complete as to materials and 30% complete as to. conversion costs. Ending inventory is 20% complete as to materials and 70% complete as to conversion costs. EUP 3. Beginning inventory is 70% complete as to materials and 30% complete as to conversion costs. Ending inventory is 20% complete as to materials and 70% complete as to conversion costs. EUP- Units % Materials Materials Goods completed Ending work in process Total EUP Equivalent Units of Production (EUP)FIFO Method 1. All direct materials are added to products when processing begins. Units % Materials EUP-Materials Total EUP 2. Beginning inventory is 30% complete as to materials and conversion costs. Ending inventory is 70% complete as to materials and conversion costs. Units % Materials EUP-Materials Total EUP 3. Beginning inventory is 70% complete as to materials and 30% complete as to conversion costs. Ending inventory is 20% complete as to materials and 70% complete as to conversion costs. Units % Materials EUP-Materials + Total EUP