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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] The production department in a process manufacturing system completed 88,000 units of product and transferred them to finished goods during a recent period. Of these units, 26,400 were in process at the beginning of the period. The other 61,600 units were started and completed during the period. At period-end, 16,400 units were in process. Exercise 16-4 Weighted average: Computing equivalent units LO C2 Prepare the department's equivalent units of production with respect to direct materials under each of three separate assumptions using the weighted-average method for process costing. Equivalent Units of Production (EUP-Weighted Average Method 1. All direct materials are added to products when processing begins. Units % Materials Materials Total EUP 2, Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 70% complete as to materials and conversion costs. Units % Materials Materials Total EUP 3. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending inventory is 30% complete as to materials and 60% complete as to conversion costs. Units % Materials Materials Total EUP

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