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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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vikrambahi 

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
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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