Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 84,000 442,000 420,000 106, 000 Complete 80% Units started and completed 80% Complete 20% 30% Exercise 16-10A (Algo) FIFO: Computing equivalent units of production LO C2 (a) Compute the number of units started and completed this period for the first production department.
Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 84,000 442,000 420,000 106, 000 Complete 80% Units started and completed 80% Complete 20% 30% Exercise 16-10A (Algo) FIFO: Computing equivalent units of production LO C2 (a) Compute the number of units started and completed this period for the first production department.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vikrambahi
Transcribed Image Text:Beginning work in process inventory
Units started this period
Completed and transferred out
Ending work in process inventory
Units
84,000
442,000
420,000
106, 000
Units started and completed
Percent
Complete
80%
80%
Exercise 16-10A (Algo) FIFO: Computing equivalent units of production LO C2
Units
(a) Compute the number of units started and completed this period for the first production department.
Equivalent units of production: FIFO method
Direct Materials
Percent
Added
Percent
Complete
20%
(b) Compute the number of equivalent units of production for both direct materials and conversion for the first production department
for April using the FIFO method.
30%
EUP
Conversion
Percent
Added
EUP
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