Suptude Corporation uses a process costing system to manufacture laptop PCs. The following information summarizes operations for its VeryLite model during the quarter ending March 31, Year 1:
| Units | Direct Materials | |
| Work-in-process inventory, January 1 | 110 | $74,000 |
| Started during the quarter | 530 | |
| Completed during the quarter | 410 | |
| Work-in-process inventory, March 31 | 230 |
| Costs added during the quarter | 000 | $890,000 |
Beginning work-in-process inventory was 30% complete for
direct materials. Ending work-in-process inventory was
80%complete for direct materials. What were the equivalent units
for direct materials for the quarter using the FIFO method?
1. 640
2. 561
3. 607
4. 484
Homework Answers
Correct Answer is 561 Unit
Detail working for your refrence
| Computation of Equivalent Unit ( As per FIFO) | |||
| Physical Unit | % | Material Unit | |
| Beg Inventory | 110 | 70% | 77 |
|
Introduced & Completed (410-110) |
300 | 100% | 300 |
| Ending Inventory | 230 | 80% | 184 |
| Equivalent Unt | 640 | 561 | |
| Let me know if any doubt Kindly mark with positive rating it would help me lot. Thanks in advance. |
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(Click the icon to view the information.)Beginning
work-in-process inventory was
5050%
complete for direct materials. Ending work-in-process inventory
was
8080%
complete for direct materials. What were the equivalent units
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