Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Middelton Company manufactures a product that passes through two processes Fabrication and Assembly. The following information was obtained for the Fabrication Department for October 2. All materials are added at the beginning of the process. b. Beginning work in process had 77,200 units, 25 percent complete with respect to conversion costs Ending work in process had 18,500 units, 20 percent complete with respect to conversion costs. d. Started in process, 91,400 units. Required: 1. Prepare a physical flow schedule Middelton Company Physical Flow Schedule Units to account for Units, beginning work in process 77,200 Units started 91.400 16.100 Total units to account for Units accounted for Units completed and transferred out: Started and completed From beginning work in process 72.000 77.2007 Units, ending work in process 1 500 1640 Total units accounted for 2. Compute equivalent units using the weighted average method. Weighted average method: Equivalent Units Direct Materials 168,600 Conversion Costs 153,800 3. Compute equivalent units using the FIFO method. FIFO method: Equivalent Units Direct Materials 91,400 Conversion Costs 123,845 X 4. Suppose that the cost of direct materials in beginning work in process is 5614,000 and that the direct materials cost incurred for October 8719,400 Wathese changes, answer the following: a. What is the unit materials cost for the units in BWIP? Round your answers to the nearest cent. b. What is the unit materials cost for units produced in October7 Round your answers to the nearest cent