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4. A company is using process costing with the first-in, first-out (FIFO) method, and all costs are added evenly throughout t

Please answer with a good format of computation. Thanks

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Answer #1

Solution:

units No. of equivalent units Direct material Conversion % Units % Units 70% 3500 70% 3500 100% 15000 100% 15000 Beginning WI

Thus, equivalent units for this period (for both DM & conversion ) = 24,500 units

So, option c. 24,500 units is the correct answer.

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