E-2 For each of the following independent cases compute the equivalent unit of production with supporting computation
Question:
E-2 For each of the following independent cases compute the equivalent unit of production with supporting computation for missing items under FIFO method cost accounting.
a) In process, beginning 1/4 incomplete ?
Started in process 12,000 units
In process, ending 1/4 complete 4,000 units
(the remaining units represent 25%
Of the total units completed)
b) Started in process 20,000 units
Finished and transferred 12,000 units
(the work in process at the beginning
Is twice as much as the work
In process at the end and their stages of
Completion are 3/4 and 1/6 respectively)
c) Started in process 12,000 units
Finished and transferred 19,000 units
(the work in process at the end
Of the period is only 75% of work
In process at the beginning and its
Stages of completion are 4/5 and 1/2
Respectively)
d) Started in process 24,000 units
In process, ending ¾ incomplete 16,000 units
(Of the finished and transferred units
3/5 represent work in process at the
Beginning which were 2/3 completed
During the current period)
e) In process, beginning 1/2 completed 9,000 units
Started in process 12,000 units
Transferred out 6,000 units
In process, end 5/6 completed ?
f) In process, beginning 5/8 completed ?
Started in process 10,000 units
Finished and transferred out 8,000 units
Finished and on hand 1,600 units
In process, ending 4/5 completed 16,400 units
Managerial Accounting
ISBN: 978-0077826482
3rd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips