Question: Refer to QS 3-8 and compute the total equivalent units of production with respect to conversion for July using the FIFO inventory method. In QS

Refer to QS 3-8 and compute the total equivalent units of production with respect to conversion for July using the FIFO inventory method.
In QS 3-8
__________________________Gallons of Product ______Percent of Conversion Added
Beginning work in process . . . . . . . . . 320,000 ............................................ 25%
Goods started . . . . . . . . . . . . . . . . . . . 620,000 ............................................ 100
Goods completed . . . . . . . . . . . . . . . . 680,000 ............................................ 100
Ending work in process . . . . . . . . . . . . 260,000 ............................................. 75

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