Question 8 (10 Marks) Ophelia Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: Work in process, beginning Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 800 70% 50% Units started into production during the month 22,000 Work in process, ending Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 300 80% 70% Required: Using the FIFO method, determine the equivalent units of production for materials and wer Page 01 02 03 04 05 06 07 09 ere to search H I J K L C D E F G Work in process, beginning Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 800 70% 50% Units started into production during the month 22,000 Work in process, ending Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 300 80% 70% Required: Using the FIFO method, determine the equivalent units of production for materials and conversion costs by compiling the "Quantity Schedule and Equivalent Units" portion of the production report. (10 marks) ase antwer question below this line ver Page 01 02 03 04 05 06 07 08 09 |