14. Beginning WIP is 45% complete, and ending WIP is 10% complete as to conversion costs. Materials are added at the beginning of the process. If a company uses weighted-average, the total equivalent...

Extracted text: 14. Beginning WIP is 45% complete, and ending WIP is 10% complete as to conversion costs. Materials are added at the beginning of the process. If a company uses weighted-average, the total equivalent units for materials will equal: a. EU to complete beginning inventory. b. Units started into the process this period. c. Units started into the process this period plus units in beginning inventory. d. Units transferred out. 15. In comparing the FIFO and weighted average methods for calculating equivalent units. a.. The FIFO method tends to smooth out costs more over time than weighted average method. b.. The weighted average method is more precise than the FIFO mehod because the weighted average method is based only on the work,completed in the current period. c.. The two methods will give similar results even if physical inventory levels and production costs (materials and conversion costs) fluctuate greatl from period to period. d.. The FIFO method is better than the weighted average method for judging the performance in a period independently from performance in preceding рeriods.