Question: WA & FIFO EUP Rames Corp. uses a process costing system to assign costs to its steel production During March, Ramos had beginning Work in

WA & FIFO EUP Rames Corp. uses a process costing system to assign costs to its steel production During March, Ramos had beginning Work in Process Inventory of 288,000 tons of steel (100 percent complete as to material and 65 percent complete as to conversions During the month the raw material needed to produce 5,440,000 tons of steel was started in process. A month-end 264,000 tons remained in WP inventory 1100 percent complete as to material and 40 percent complete as to conversions Compute the units to account for 5.728,000 Determine how many units were started and completed 5,176,000 Determine the equivalent units of production using the weighted average method Determine the equivalent units of production using the FIFO method Reconcile your answers to parts and Note: Use a negative sign to indicate amount in table is subtracted TRO CUP

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