Refer to the information in Exercise 18-21. Suppose MacLean Manufacturing Company uses the FIFO method of process costing instead of the weighted-average method.

Exercise 18-21

Required:
Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.

Transcribed Image Text:

Physical Units Pennants) 1,350 Direct Materials $ 966 Conversion Costs Work in process, November 1 Started in November 2017 Good units completed and transferred 8,800 out during November 2017 Normal spoilage Abnormal spoilage Work in process, November 30 Total costs added during November 2017 80 50 1,700 S10,302 $30,055