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 (63% complete with respect to conversion) 16,600 started in august 118,100 completed 118,100 work in process, august 31 (79% complete with respect to conversion) 16,600
a. compute the equivalent units for materials 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.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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