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Required information Use the following information for the Exercises below. (Static) Skip to question [The following information applies to the questions displayed below.] The first

Required information

Use the following information for the Exercises below. (Static)

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[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 24,000 units
Units started and completed 56,000 units
Units completed and transferred out 80,000 units
Ending work in process inventory 16,000 units

Exercise 20-4 (Static) Weighted average: Computing equivalent units LO P1

Prepare the production departments equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing.

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