The following three companies have just one manufacturing process in-house; they all incur conversion costs (CC)...

    

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The following three companies have just one manufacturing process in-house; they all incur conversion costs (CC) evenly throughout their process. Units in beginning WIP Inventory Units started this period Units in ending WIP Inventory Units completed Units started this period Units completed Units in ending WIP Inventory Units in beginning WIP Inventory 5,200 18,500 6.900 ? 16,300 21,100 4,000 ? Additional information: ● Company A Units in beginning WIP Inventory are 30% complete for conversion costs. Units in ending WIP Inventory are 60% complete for conversion costs. DM is added at the very beginning of this process ● Company B Additional information: Units in beginning WIP Inventory are 75% complete for conversion costs. ● Units in ending WIP Inventory are 50% complete for conversion costs. DM is added when units reach 30% complete for conversion costs. Units in beginning WIP Inventory Units started this period Units completed Units in ending WIP Inventory 9,600 ? 29,200 4,700 Additional information:Additional information: ● Company C ● Units in beginning WIP Inventory are 80% complete for conversion costs. Units in ending WIP Inventory are 30% complete for conversion costs. DM is added when units reach 95% complete for conversion costs. Determine physical units and equivalent units of production for Company A under the (1) FIFO method and (2) weighted-average method. Determine physical units and equivalent units of production for Company B under the (1) FIFO method and (2) weighted-average method. Determine physical units and equivalent units of production for Company c under the (1) FIFO method and (2) weighted-average method. The following three companies have just one manufacturing process in-house; they all incur conversion costs (CC) evenly throughout their process. Units in beginning WIP Inventory Units started this period Units in ending WIP Inventory Units completed Units started this period Units completed Units in ending WIP Inventory Units in beginning WIP Inventory 5,200 18,500 6.900 ? 16,300 21,100 4,000 ? Additional information: ● Company A Units in beginning WIP Inventory are 30% complete for conversion costs. Units in ending WIP Inventory are 60% complete for conversion costs. DM is added at the very beginning of this process ● Company B Additional information: Units in beginning WIP Inventory are 75% complete for conversion costs. ● Units in ending WIP Inventory are 50% complete for conversion costs. DM is added when units reach 30% complete for conversion costs. Units in beginning WIP Inventory Units started this period Units completed Units in ending WIP Inventory 9,600 ? 29,200 4,700 Additional information:Additional information: ● Company C ● Units in beginning WIP Inventory are 80% complete for conversion costs. Units in ending WIP Inventory are 30% complete for conversion costs. DM is added when units reach 95% complete for conversion costs. Determine physical units and equivalent units of production for Company A under the (1) FIFO method and (2) weighted-average method. Determine physical units and equivalent units of production for Company B under the (1) FIFO method and (2) weighted-average method. Determine physical units and equivalent units of production for Company c under the (1) FIFO method and (2) weighted-average method.

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ANSWER To calculate the physical units and equivalent units of production for each company under the FIFO method and weighted average method we need t... View the full answer