Required Information [The following information applies to the questions displayed below.] The following refers to units processed by an ice cream maker in July. Gallons of Percent of Product Conversion 412,000 40% 894,000 864,000 352,000 Beginning work in process Goods started Goods completed Ending work in process 100 100 68 Compute the total equivalent units of production with respect to conversion for July using the FIFO method.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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[The following information applies to the questions displayed below.]
The following refers to units processed by an ice cream maker in July.
Gallons of Percent of
Product
Conversion
412,000
48%
804,000
864,000
352,000
Beginning work in process
Goods started
Goods completed
Ending work in process
100
100
60
Compute the total equivalent units of production with respect to conversion for July using the FIFO method.
Equivalent units of production (EUP) with respect to conversion - FIFO method
%
Units
EUP
Conversion
Total units
Transcribed Image Text:Required Information [The following information applies to the questions displayed below.] The following refers to units processed by an ice cream maker in July. Gallons of Percent of Product Conversion 412,000 48% 804,000 864,000 352,000 Beginning work in process Goods started Goods completed Ending work in process 100 100 60 Compute the total equivalent units of production with respect to conversion for July using the FIFO method. Equivalent units of production (EUP) with respect to conversion - FIFO method % Units EUP Conversion Total units
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