Prepare the department's equivalent units of production for direct materials for each of the three separate assumptions using the FIFO method. Total The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Equivalent Units of Production (EUP) FIFO Method 1. All direct materials are added to products when processing begins. Units Total 26,400 units 61,600 units 88,000 units 16,400 units Total Units 2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 70% complete as to direct materials costs. Direct Materials Units Percent Added EUP Direct Materials Percent Added 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete as to direct materials costs. EUP Percent Added Direct Materials EUP

Prepare the department's equivalent units of production for direct materials for each of the three separate assumptions using the FIFO method. Total The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Equivalent Units of Production (EUP) FIFO Method 1. All direct materials are added to products when processing begins. Units Total 26,400 units 61,600 units 88,000 units 16,400 units Total Units 2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 70% complete as to direct materials costs. Direct Materials Units Percent Added EUP Direct Materials Percent Added 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete as to direct materials costs. EUP Percent Added Direct Materials EUP

Name: 2. Prepare the department's equivalent units of production for direct
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Description: 2. Prepare the department's equivalent units of production for direct materials for each of the three separate assumptions using the FIFOmethod.TotalThe first production department in a process manufacturing system reports the following unit data.Beg

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 11E: The charges to Work in ProcessAssembly Department for a period, together with information concerning...

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The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Determine the following: a. The number of units in work in process inventory at the end of the period b. Equivalent units of production for direct materials and conversion c. Costs per equivalent unit for direct materials and conversion d. Cost of the units started and completed during the period
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The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory 30,400 units 45,600 units 76,000 units 17,300 units Prepare the department's equivalent units of production for direct materials for each of the three separate assumptions using the FIFO method. Equivalent Units of Production (EUP)-FIFO Method 1. All direct materials are added to products when processing begins. Direct Materials Units Percent Added EUP Beginning work in process inventory Ending work in process inventory 30,400 17,300 100% 100% Total 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 75% complete as to direct materials costs. Total Direct Materials Units Percent Added EUP 3. Beginning inventory is 70% complete as to direct materials costs. Ending inventory is 20% complete as to direct materials costs.…
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