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

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 2013 production data for these two departments follow.

a. Determine the equivalent units of production for each cost component for each department under the WA method. Fabrication: Equivalent Units (WA) Material Conversion Assembly: Equivalent Units (WA) Trans-In? Material? Conversion?

b. Determine the equivalent units of production for each cost component for each department under the FIFO method. Fabrication: Equivalent Units (FIFO) Material Conversion Assembly: Equivalent Units (FIFO) Trans-In? Material? Conversion?

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Fabrication Beginning WIP Inventory (100% complete as to material; 25% complete as to conversion) Units started during month Ending WIP Inventory (100% complete as to material: 60% complete as to conversion) Assembly Beginning WIP Inventory (0% complete as to sealant 35% complete as to conversion) Units started during month Ending WIP Inventory (0% complete as to seala nt, 15% complete as to conversion) 5,000 40,000 6,800 2,000 6,100

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