Mathematics, 30.10.2020 18:10 Roquelle6301
Exercise 8-19 Compute Equivalent Units: FIFO Method (LO 8-1, 5)
Conlon Chemicals manufactures paint thinner. Information on the work in process follows:
• Beginning inventory, 35,000 partially complete gallons.
• Transferred out, 213,000 gallons.
• Ending inventory (materials are 21 percent complete; conversion costs are 10 percent complete).
• Started this month, 245,000 gallons.
Assume that beginning inventory is 50 percent complete with respect to materials and 28 percent complete with respect to conversion costs
Required:
a. Compute the equivalent units for materials using FIFO.
b. Compute the equivalent units for conversion costs using FIFO.
Answers: 1
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Exercise 8-19 Compute Equivalent Units: FIFO Method (LO 8-1, 5)
Conlon Chemicals manufactures paint...
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