Question

During April, the first production department of a process manufacturing system completed its work on 420,000 units of a product and transferred them to the next department. Of these transferred units, 84,000 were in process in the production department at the beginning of April and 336,000 were started and completed in April. April's beginning inventory units were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April, 106,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion.

Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for April using the FIFO method.

Required information The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 420,000 unit product and transferred them to the next department. Of these transferred units, 84,000 were in process in the produ department at the beginning of April and 336,000 were started and completed in April. April's beginning inventory un were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April, 106.C additional units were in process in the production department and were 80% complete with respect to materials and complete with respect to conversion. Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for using the FIFO method. Equivalent Units of Production - FIFO Units % Materials EUP. Materials % Conversion EUP Conversion Units in ending work in process Units started and completed Units in ending work in process Equivalent units of production

Answer 1

Equivalent Units of Production - FIFO
	Units	% Materials	EUP—Materials	% Conversion	EUP—Conversion
Units to complete beginning work in process	84000	20%	16800	80%	67200
Units started and completed	336000	100%	336000	100%	336000
Units in ending work in process	106000	80%	84800	30%	31800
Equivalent units of production	526000		437600		435000