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: a. All materials are added at the beginning of the process. b. Beginning work in process had 88,200 units, 30 percent complete with respect to conversion costs. c. Ending work in process had 12,500 units, 35 percent complete with respect to conversion costs. d. Started in process, 102,400 units. Required: 1. Prepare a physical flow schedule. Middelton Company Physical Flow Schedule Units to account for: Units, beginning work in process Units started 88,200 102,400 190,600 Total units to account for Units accounted for: Units completed and transferred out: Started and completed From beginning work in process Units, ending work in process Total units accounted for 2. Compute equivalent units using the weighted average method. Weighted average method: Equivalent Units Direct Materials Conversion Costs 3. Compute equivalent units using the FIFO method. FIFO method: Equivalent Units Direct Materials Conversion Costs Feedback 4. Suppose that the cost of direct materials in beginning work in process is $619,400 and that the direct materials cost incurred for October is $789,800. With these 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 October? Round your answers to the nearest cent