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The following data are for four independent process-costing departments. Inputs are added continuously. Beginning inventory Percent completion Units started Department A Department B Department C A Department D 5,000 30% 25,000 4,000 20% B 4,000 29,300 X 21,000 ✓ 49,700 X 78,000 X 75% 20,000 C - 49,000 9,000 Ending inventory Percent completion Required: Compute the equivalent units of production for each of the four departments using the FIFO method. Equivalent Units D 30% 45,000 60% 34,000 10,000 20%

The following data are for four independent process-costing departments. Inputs are added continuously. Beginning inventory Percent completion Units started Department A Department B Department C A Department D 5,000 30% 25,000 4,000 20% B 4,000 29,300 X 21,000 ✓ 49,700 X 78,000 X 75% 20,000 C - 49,000 9,000 Ending inventory Percent completion Required: Compute the equivalent units of production for each of the four departments using the FIFO method. Equivalent Units D 30% 45,000 60% 34,000 10,000 20%

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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< The following data are for four independent process-costing departments. Inputs are added continuously. A Department A Department B Department C Department D 5,000 30% B 20% Beginning inventory Percent completion Units started Ending inventory Percent completion Required: Compute the equivalent units of production for each of the four departments using the FIFO method. Equivalent Units 4,000 29,300 X 21,000 49,700 X 78,000 X 25,000 20,000 4,000 75% C 49,000 9,000 D 30% 45,000 60% 34,000 10,000 20%
Transcribed Image Text:< The following data are for four independent process-costing departments. Inputs are added continuously. A Department A Department B Department C Department D 5,000 30% B 20% Beginning inventory Percent completion Units started Ending inventory Percent completion Required: Compute the equivalent units of production for each of the four departments using the FIFO method. Equivalent Units 4,000 29,300 X 21,000 49,700 X 78,000 X 25,000 20,000 4,000 75% C 49,000 9,000 D 30% 45,000 60% 34,000 10,000 20%
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