Question: WA & FIFO EUP; two departments Baum Co . has two processing departments: Fabrication and Assembly. In the Fabrication Department, metal is cut and formed

WA & FIFO EUP; two departments
Baum Co. has two processing departments: Fabrication and Assembly. In the Fabrication Department, metal is cut and formed into various components, which are then transferred to Assembly. The components are welded, polished, and coated with sealant in the Assembly Department. April production data for these two departments follow.
FabricationBeginning WIP Inventory (100% complete as to material: 25% complete as to conversion)9,000Units started during month72,000Ending WIP Inventory (100% complete as to material; 60% complete as to conversion)12,240
AssemblyBeginning WIP Inventory (0% complete as to sealant; 35% complete as to conversion)3,600Units started during month?Ending WIP Inventory (0% complete as to sealant; 15% complete as to conversion)10,980
a. Determine the equivalent units of production for each cost component for each department under the WA method.
Fabrication Dept.UnitsEU for direct materials
EU for conversion
Assembly Dept.UnitsEU for transferred in
EU for direct materials
EU for conversion
b. Determine the equivalent units of production for each cost component for each department under the FIFO method.
Fabrication Dept.UnitsEU for direct materials
EU for conversion
Assembly Dept.UnitsEU for transferred in
EU for direct materials
EU for conversion

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