Magic Company adds materials at the beginning of the process in Department A. The following information on physical units fo Department A for the month of August is available. Mork in process, August...

Extracted text: Magic Company adds materials at the beginning of the process in Department A. The following information on physical units fo Department A for the month of August is available. Mork in process, August 1 (60% complete with respect to conversion) Started in August Completed Mork In process, hugust 31 (72% complete with respect to conversion) 17,500 119,100 119,100 17,500 Required: a. Compute the equivalent units for materlals costs and for conversion costs using the weighted average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. Equivalent Units Conversion Costs Materials a Using the weighted average method b Using the FIFO method