
Introduction:
Equivalent units: Equivalent unit is the product unit that is physically not completed but it is measured as equivalent to completed unit.
FIFO method: FIFO is one of the methods of process costing, under this method the cost and units of beginning work in process inventory are accounted separately.
Requirement-1:
To Calculate: The equivalent units of production with respect to material using weighted average method when all direct material is added to the products in the beginning:
Requirement-2:
To Calculate: The equivalent units of production with respect to material using FIFO method when percentages of completion are given:
Requirement-3:
To Calculate: The equivalent units of production with respect to material using FIFO method when percentages of completion are given:

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Chapter 20 Solutions
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