Welghted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes Fabrication and Assembly. The following information was obtained for Department for September a. All materials are added at the beginning of the process. b. Beginning work in process had 90.700 units, 20 percent complete with respect to conversion costs. c. Ending work in process had 16,700 units, 25 percent complete with respect to conversion costs d. Started in process, 105,200 units Required: 1. Prepare a physical flow schedule. Heap Company Physical Flow Schedule Units to account for: Total units to account for H0 Units accounted for: Units completed and transferred out: Total units accounted for 2. Compute equivalent units using the weighted average method. 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