1.

2. FIFO METHOD

Sutton Enterprises makes gadgets using a two-step process that involves machining first and assembly second. Sutton adds all direct materials at the beginning of the production process. Conversion occurs uniformly throughout the process. During the period, the Assembly Department completed 10,200 gadgets and transferred them out. Of the 10,200 gadgets completed, 2,000 were 70% complete at the beginning of the period. In addition, Sutton had 2,600 units in process that were 65% complete at the end of the period. Using the weighted-average method, what are the equivalent units of production for conversion costs in Assembly? 9,710 gadgets 10.490 gadgets 11,890 gadgets 9,490 gadgets Wilson Tech's production cost data for the current period is: Materials are entered at the beginning of the process. The Beginning Work-in-Process units are 50% complete and the Ending Work-in-Process units are 40% complete as to conversion costs. Using the FIFO method, what are the equivalent units of production for materials? 12,280 units. 12,000 units. 16,000 units. 14,280 units