The formula for a chemical compound requires one pound of Chemical X and one pound of Chemical Y. In the simplest sense, one pound of Chemical X is processed in Department A and transferred to Department B for further processing where one pound of Chemical Y is added when the process is 50 percent complete. When the processing is complete in Department B, the finished compound is transferred to finished goods. The process is continuous, operating 24 hours a day. Normal spoilage occurs in Department A. Five percent of material is lost in the first few seconds of processing. No spoilage occurs in Department B. The following data are available for the month of August 20X6: Units in process, August 1 Stage of completion of beginning inventory Units started or transferred in Uhits transferred out Units in process, August 31 Stage of completion of ending inventory Units of Chemical Y added in Department B Dept. A 8,000 3/4 50,000 46,500 2 1/3 Dept. B 10,000 3/10 2 2 ? 1/5 44,500 Required: a. Prepare a schedule showing finished equivalents for Chemical X and for conversion cost for Department A using the FIFO method, b. Determine for Department B the number of units of good product completed during August and the number of units in process on August 31. c. Prepare a schedule for Department B showing finished equivalents for preceding department cost, cost of Chemical Y, and conversion cost using the FIFO method