Question: Easy Inc. uses the FIFO method in its process costing system. The following data concem the operations of the company's first processing denartment for a

The following data concem the operations of the company's first processing denartment

Easy Inc. uses the FIFO method in its process costing system. The following data concem the operations of the company's first processing denartment for a recent month: Required: Prepare a production report for the department using the FIFO method: Include the following: a. Quantity schedule that shows total units accounted for and equivalent units (material, conversion). b. Total costs to be accounted for: cost per equivalent unit for material, conversion and total. There will be bonus marks to complete the dollar reconciliation either as part of section b and c or separately. c. Costs accounted for: cost of units transferred out and work-in-process

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