Required information Use the following information for the Exercises below. (Algo) 1 [The following information applies to the questions displayed below] The first production department in a process manufacturing system reports the following unit data. Exercise 16-4 (Algo) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materlals under each of the following three separate assumptions using the weighted average method for process costing. Exercise 16-4 (Algo) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materlals under each of the following three separate. assumptions using the weighted average method for process costing. 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 75% complete as to direct materials costs. 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 75% complete as to direct materials costs, 3. Bepinning inventory is 70% complete as to direct materials costs. Ending inventory is 20% complete as to direct materials costs