Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Blending Process Beginning work in process Goods started Goods completed Ending work in process Units of Product 160,000 335,000 365,000 130,000 Beginning work in process inventory-units Units started and completed Ending work in process- units Total QS 16-6A FIFO: Computing equivalent units LO C4 Compute the total equivalent units of production for conversion using the FIFO method. Percent of Conversion 90% Answer is complete but not entirely correct. Equivalent units of production (EUP) with respect to conversion - FIFO method % Units Conversion 160,000 365,000 100 100 30 130.000 655.000 10% 100% 30%✔ EUP 16,000 365.000 39,000 420.000
Use the following information for the Quick Study below. [The following information applies to the questions displayed below.] Blending Process Beginning work in process Goods started Goods completed Ending work in process Units of Product 160,000 335,000 365,000 130,000 Beginning work in process inventory-units Units started and completed Ending work in process- units Total QS 16-6A FIFO: Computing equivalent units LO C4 Compute the total equivalent units of production for conversion using the FIFO method. Percent of Conversion 90% Answer is complete but not entirely correct. Equivalent units of production (EUP) with respect to conversion - FIFO method % Units Conversion 160,000 365,000 100 100 30 130.000 655.000 10% 100% 30%✔ EUP 16,000 365.000 39,000 420.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Meman
![Use the following information for the Quick Study below.
[The following information applies to the questions displayed below.]
Blending Process
Beginning work in process
Goods started
Goods completed
Ending work in process
Units of
Product
160,000
335,000
365,000
130,000
Beginning work in process inventory-units
Units started and completed
Ending work in process- units
Total
QS 16-6A FIFO: Computing equivalent units LO C4
Compute the total equivalent units of production for conversion using the FIFO method.
Percent of
Conversion
90%
Answer is complete but not entirely correct.
Equivalent units of production (EUP) with respect to conversion - FIFO method
%
Units
Conversion
160,000
365,000
100
100
30
130.000
655.000
10%
100%
30%✔
EUP
16,000
365.000
39,000
420.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0618c6b0-e238-45bf-9e25-af0ab6ff15a9%2Fe4c45eef-0901-406d-834c-58b1933a710d%2F60azzva_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the following information for the Quick Study below.
[The following information applies to the questions displayed below.]
Blending Process
Beginning work in process
Goods started
Goods completed
Ending work in process
Units of
Product
160,000
335,000
365,000
130,000
Beginning work in process inventory-units
Units started and completed
Ending work in process- units
Total
QS 16-6A FIFO: Computing equivalent units LO C4
Compute the total equivalent units of production for conversion using the FIFO method.
Percent of
Conversion
90%
Answer is complete but not entirely correct.
Equivalent units of production (EUP) with respect to conversion - FIFO method
%
Units
Conversion
160,000
365,000
100
100
30
130.000
655.000
10%
100%
30%✔
EUP
16,000
365.000
39,000
420.000
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