Question: Please answer all parts for positive feedback :) Required information [The following information applies to the questions displayed below.) The first production department in a



Please answer all parts for positive feedback :)
Required information [The following information applies to the questions displayed below.) The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory 29,400 units 68,600 units 98,000 units 16,900 units Prepare the department's equivalent units of production for direct materials for each of the three separate assumptions using the FIFO method. Equivalent Units of Production (EUP)-FIFO Method 1. All direct materials are added to products when processing begins. Direct Materials Units Percent Added EUP Total 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 80% complete as to direct materials costs. Direct Materials Units Percent Added EUP Total 3. Beginning inventory is 70% complete as to direct materials costs. Ending inventory is 20% complete as to direct materials costs. Units Direct Materials Percent Added EUP Total 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 80% complete as to direct materials costs. Direct Materials Units Percent Added EUP Beginning work in process inventory Ending work in process inventory Started and completed Total units to account for irect materials costs. Ending inventory is 20% Units Direct Materials Percent Added EUP Total
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
