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 16-5A (Algo) FIFO: Computing equivalent units LO C2 Prepare the department's equivalent units of production for direct materials for each of the three separate assumptions using the FIFO method. 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 75% complete as to direct materials costs. 3. Beginning inventory is 70% complete as to direct materials costs. Ending inventory is 20% complete as to direct materials costs