Question: Equivalent Units: FIFO Method The following data are for four independent process-costing departments. Inputs are added continuously. A B C D Beginning inventory 5,000 4,000
Equivalent Units: FIFO Method
The following data are for four independent process-costing departments. Inputs are added continuously.
| A | B | C | D | |
| Beginning inventory | 5,000 | 4,000 | 50,000 | |
| Percent completion | 30% | 75% | 60% | |
| Units started | 25,000 | 20,000 | 49,000 | 35,000 |
| Ending inventory | 4,000 | 9,000 | 12,000 | |
| Percent completion | 20% | 30% | 20% |
Required:
Compute the equivalent units of production for each of the four departments using the FIFO method.
| Equivalent Units | |
| Department A | fill in the blank 1 |
| Department B | fill in the blank 2 |
| Department C | fill in the blank 3 |
| Department D | fill in the blank 4 |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Study Help