CAN YOU PLEASE DO THE EQUIVALENT UNITS FOR MATERIALS AND CONVERSION COSTS IF WATERWAYS USED FIFO INSTEAD OF WEIGHTED-AVERAGE

The following information is available for the Molding department for January.

Work in process beginning:

Units in process 23,200

Stage of completion for materials 80%

Stage of completion for labor and overhead 30%

Costs in work in process inventory:

Materials $169,950

Labor 67000

Overhead 17,190

Total costs in beginning work in process $254,140

Units started into production in January 60,300

Units completed and transferred in January 57,700

Costs added to production:

Materials $288,244

Labor 282,658

Overhead 61,140

Total costs added into production in Januarv $632,042

Work in process ending:

Units in process 25,800

Stage of completion for materials 50%

Stage of completion for labor and overhead 10%

	PHYSICAL UNITS	MATERIALS	CONVERSION
COMPLETED AND TRANSFERRED OUT
WORK IN PROCESS, JAN 1
STARTED AND COMPLETED IN JAN
WORK IN PROCESS JAN 31
TOTAL UNITS