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Magic Company adds materials at the beginning of the process in Department A....

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Accounting

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Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available: Work in process, August 1 (56% complete with respect to conversion) Started in August Completed Work in process, August 31 (76% complete with respect to conversion) 16,800 118,000 118,000 16,800 Required a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. Equivalent Units 134,800 Materials Conversion costs b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method Equivalent Units Materials Conversion costs

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