Question: Please explain steps and reasons for taking them. Problems 4-6 fifo costing 4. Beginning Inventory has 30,000 units, 100% complete for DM, and 75% complete

Please explain steps and reasons for taking them. Problems 4-6 fifo costing

Please explain steps and reasons for taking them. Problems 4-6 fifo costing

4. Beginning Inventory has 30,000 units, 100% complete for DM, and 75% complete for CC. 100,000 units were added during the period. Ending inventory had 20,000 units, 100% complete for OM and 60% complete for CC. Using FIFO costing, calculate the total equivalent units for DM 5. A company has 43,100 equivalent units for DIM and 44,150 equivalent for CC. Costs in beginning inventory are $7,350 for DM and $3,125 for CC. Using the FIFO method, calculate the cost per equivalent unit for ma. 6. A company has 43,100 equivalent units for DM and 44,150 equivalent for CC. Costs in beginning inventory are $7,350 for DM and $3,125 for CC. Using the FIFO method, calculate the cost per equivalent unit for CC

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