Question: Calculate Equivalent units using both the Weighted Average method and FIFO for each of the following independent items noted below for the Packaging Department of

Calculate Equivalent units using both the Weighted Average method and FIFO for each of the following
independent items noted below for the Packaging Department of ABC , Inc:
Beginning Work in Process 2,000 units (100% complete for materials; 60% complete for conversion
costs). Total units transferred out were 5,000. Ending Work in Process 4,000 units (100% complete
for materials; 25% for conversion costs).
Beginning Work in Process 1000 units (100% complete for materials; 30% complete for conversion
costs). Total units started this period 9,000 units. Total units transferred out 8,000 units. Ending
Work in Process is 100% complete for materials and 80% complete for conversion costs.
Beginning Work in Process 20,000 units (80% complete for materials; 40% complete for conversion
costs). Units started into production 60,000. Ending Work in Process 10,000 units (Materials 70%
complete; Conversion costs 45% complete).
Calculate Equivalent units using both the Weighted Average method and FIFO

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