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QS 16-14A (Algo) FIFO: Equivalent units of production LO C2 For the Assembly department: (a) Compute the number of units started and completed this period. (b) Compute the equivalent units of production for materials and for conversion for November. Use the FIFO method. Complete this question by entering your answers in the tabs below.

QS 16-14A (Algo) FIFO: Equivalent units of production LO C2 For the Assembly department: (a) Compute the number of units started and completed this period. (b) Compute the equivalent units of production for materials and for conversion for November. Use the FIFO method. Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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QS 16-14A (Algo) FIFO: Equivalent units of production LO C2 For the Assembly department: (a) Compute the number of units started and completed this period. (b) Compute the equivalent units of production for materials and for conversion for November. Use the FIFO method. Complete this question by entering your answers in the tabs below. Required A Required B Materials Total Required B Conversion Compute the equivalent units of production for materials for November. Use the FIFO method. Equivalent units of production: FIFO method Units Direct Materials Percent Added EUP
Transcribed Image Text:QS 16-14A (Algo) FIFO: Equivalent units of production LO C2 For the Assembly department: (a) Compute the number of units started and completed this period. (b) Compute the equivalent units of production for materials and for conversion for November. Use the FIFO method. Complete this question by entering your answers in the tabs below. Required A Required B Materials Total Required B Conversion Compute the equivalent units of production for materials for November. Use the FIFO method. Equivalent units of production: FIFO method Units Direct Materials Percent Added EUP
Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,200 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Units 3,000 12,200 10,000 5,200 Percent Complete for Percent Direct Materials 708 $ 1,484 804 12,936 16,926 85% Complete for Conversion 30% $ 2,288 29,862 358
Transcribed Image Text:Required information Use the following information for the Quick Study below. (Algo) [The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,200 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Units 3,000 12,200 10,000 5,200 Percent Complete for Percent Direct Materials 708 $ 1,484 804 12,936 16,926 85% Complete for Conversion 30% $ 2,288 29,862 358
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