assuming a fifo method of process costing determine the equivalent units of producti 642362
(FIFO EUP)For each of the following situation.
|
a. |
Beginning WIP Inventory (45% complete) |
10,000 |
|
Units started in production |
350,000 |
|
|
Units transferred out |
344,000 |
|
|
Ending WIP Inventory (60% complete) |
16,000 |
|
|
b. |
Beginning WIP Inventory (30% complete) |
40,000 |
|
Units started in production |
480,000 |
|
|
Units transferred out |
? |
|
|
Ending WIP Inventory (70% complete) |
26,000 |
|
|
c. |
Beginning WIP Inventory (55% complete) |
15,000 |
|
Units started in production |
405,000 |
|
|
Units transferred out |
415,800 |
|
|
Ending WIP Inventory (90% complete) |
? |
|
|
d. |
Beginning WIP Inventory (25% complete) |
10,800 |
|
Units started in production |
? |
|
|
Units transferred out |
351,600 |
|
|
Ending WIP Inventory (45% complete) |
18,300 |
Assuming a FIFO method of process costing, determine the equivalent units of production for labor and overhead.