Question: Exercise 6-56 (Appendix 6A) First-In, First-Out Method; Equivalent Units Lawson Company produces a product where all manufacturing inputs are applied uniformly. Lawson produced the following

Exercise 6-56 (Appendix 6A) First-In, First-Out Method; Equivalent Units Lawson Company produces a product where all manufacturing inputs are applied uniformly.

Lawson produced the following physical flow schedule for March:

Units to account for:

Units in BWIP (40% complete) 15,000 Units started 35,000 Total units to account for 50,000 Units accounted for:

Units completed:

From BWIP 15,000 Started and completed 27,000 42,000 Units in EWIP (75% complete) 8,000 Total units accounted for 50,000 Required:

Prepare a schedule of equivalent units using the FIFO method.

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