Exercise 16-18A FIFO: Equivalent units LO C4, P4 RSTN Co. produces its product through two sequential processing departments. Direct materials and conversion are added to the product evenly throughout each process. During October, the first process finished and transferred 155,000 units of its product to the second process. Of these units, 33,000 were in process at the beginning of the month and 122,000 were started and completed during the month. The beginning work in process inventory was 35% complete. At the end of the month, the work in process inventory consisted of 23,000 units that were 80% complete. Compute the number of equivalent units of production for the first process October. Use the FIFO method. Equivalent units of production-FiFO Units of EUP (for materials and conversion) Product Percent Added Equivalent Units EUP EUP EUP 0 EUP Total units Exercise 16-18A FIFO: Equivalent units LO C4, P4 RSTN Co. produces its product through two sequential processing departments Direct materials and conversion are added to the product evenly throughout each process. During October, the first process finished and transferred 155,000 units of its product to the second process. Of these units, 33,000 were in process at the beginning of the month and 122,000 were started and completed during the month. The beginning work in process inventory was 35% complete. At the end of the month, the work in process inventory consisted of 23,000 units that were 80% complete. Compute the number of equivalent units of production for the first process October. Use the FIFO method. Equivalent units of production --FIFO EUP (for materials and conversion) of Percent Added Product Equivalent Units EUP EUP EUP 0 EUP Beginning work in process Ending work in process Goods started and completed Units started this period