Question: Timberline Company uses FIFO process costing. Material is added at the beginning of the process while conversion is added evenly throughout the process. The

Timberline Company uses FIFO process costing. Material is added at the beginning

Timberline Company uses FIFO process costing. Material is added at the beginning of the process while conversion is added evenly throughout the process. The following information is available for the month just ended: 2,000 units, 50% Beginning work-in-process complete Started into process 34,000 units Units Completed and transferred out 32,000 units 4,000 units, 30% Ending work-in-process complete How many equivalent units of conversion will be used in calculating cost per equivalent units for the current month costs? 32,000 36,000 32,200 34,000

Step by Step Solution

3.54 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

FIFO Method Units Started and Completed 30000 Uni... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!