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. Beginning work in process inventory 28,000units Units started and completed 42,000units Units completed and transferred out Ending work in process inventory 70,000units 17,000units Exercise 20-4 (Algo) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materials under each of the following 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. Direct Materials Total Units Percent Complete EUP 2. Beginning Inventory is 40% complete as to direct materials costs. Ending inventory is 80% complete as to direct materials costs. Total Units Direct Materials Percent Complete EUP 3. Beginning Inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete as to direct materials costs. Total Units Direct Materials: Percent Complete EUP