Use FIFO meathod

Required Information 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 Units started and completed 241000 units 56,000 units s completed and transferred out ED, 000 units Ending work in process inventory 16,000 units Prepare the department's equivalent units of production for direct materials for each of the three separate assumptions using the FIFO method. Equivalent Units of Production (EUP)- FIFO Method 1. All direct materials are added to products when processing begins Direct Materials Units Percent Added EUP Beginning work in process inventory 35.000 0% Units started this period 54,000 100% $4,000 Ending work in process inventory 18.000 00% 18,000 Total 105.000 72,000 2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 75% complete as to direct materials costs. Direct Materials Units Percent Added EUP Total 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30%% complete as to direct materials costs. Direct Materials Units Percent Added EUP Total