Question

5. value 5.00 points The following refers to units processed in Sunflower Printing's binding department in March. Beginning work in process Goods started Goods completed Ending work in process Units of Product 150,000 310,000 340,000 120,000 Percent of Conversion Added 80% 100 100 25 Compute the total equivalent units of production with respect to conversion for March using the FIFO inventory method Equivalent units of production (EUP) with respect to conversion . FIFO method Units % Conversion EUP Beginning work in process inventory units 150,000 20% Units started and completed 310,000 100% Ending work in process - units 120,000 25% Total units 580,000

Answer 1

As per the HOMEWORKLIB POLICY, only 1 question per submission can be solved. Below given is the solution for the first question:

	Units	%age of conversion
Beginning WIP	150,000	80%
Goods started	310,000	100%
Goods completed	340,000	100%
Ending WIP	120,000	25%
Total Units to account for
	Units
Beginning WIP	150,000
Goods started	310,000
Total	460,000
Total Units transferred out
	Units
From beginning WIP	150,000
From goods started	190,000
Total	340,000
Total Units equivalent
	Units	%age	Units
From beginning WIP	150,000	80%	120,000
From goods started	190,000	100%	190,000
Ending WIP	120,000	25%	30,000
Total	460,000		340,000