Refer to the information for Oasis Company in E3-4.

Required:
1. Reconcile the number of equivalent physical units to find the missing amounts. Determine the number of units started and completed each month.
2. Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method.

Transcribed Image Text:

Beginning Work in Process Ending Work in Process Conversion Complete Conversion Complete (percent) Units Units Month Units (percent) Started Transferred Out Units February June September December 5,800 3,000 8,400 38,000 50 75 20 30 46,600 52,800 44,000 13,000 8,000 4,600 30 45 60 70 50,000 42,800