Question: Tiny Tots Inc. started the period with an opening Work-in-Progress (WIP) Inventory of 1,40 100% complete with regard to Direct Materials (DM) and 40% complete
Tiny Tots Inc. started the period with an opening Work-in-Progress (WIP) Inventory of 1,4 100% complete with regard to Direct Materials (DM) and 40% complete with regard to Cc (CC). During the period, they started 6,600 new units, and they had completed and remov from WIP inventory. 2,000 units in ending inventory were 100% complete with respect to and 60% complete with respect to Conversion Costs. What will the total equivalent units be if the First-In, First-Out (FIFO) method is used, and what would be the answer if the method is used? 6,000 for FIFO and 8,000 for Weighted-Average 6,600 for FIFO and 8,000 for Weighted-Average 8,000 for FIFO and 6,600 for Weighted-Average 8,000 for FIFO and 6,000 for Weighted-Average Tiny Tots Inc. started the period with an opening Work-in-Progress (WIP) Inventory of 1,400 units that were 100% complete with regard to Direct Materials (DM) and 40% complete with regard to Conversion Costs (CC). During the period, they started 6,600 new units, and they had completed and removed 6,000 units from WIP inventory. 2,000 units in ending inventory were 100% complete with respect to Direct Materials and 60% complete with respect to Conversion Costs. What will the total equivalent units of Direct Materials be if the First-In, First-Out (FIFO) method is used, and what would be the answer if the Weighted-Average method is used? 6,000 for FIFO and 8,000 for Weighted-Average 6,600 for FIFO and 8,000 for Weighted-Average 8,000 for FIFO and 6,600 for Weighted-Average 8,000 for FIFO and 6,000 for Weighted-Average
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