Question

Required information Use the following information for the Exercises below. The following formation applies to the questions displayed below) The production department in a process manufacturing system completed 86.000 units of product and transferred them to finished goods during a recent period of these units, 34,400 were in process at the beginning of the period. The other 51,600 units were started and completed during the period. At period-end, 17,800 units were in process. Exercise 16-5A FIFO: Computing equivalent units LO C4 Prepare the department's equivalent units of production with respect to direct materials under each of the three separate assumptions using the FIFO method for process costing EUP Materials 2 Equivalent Units of Production (EUP) - FIFO Method 1. All direct materials are added to products when processing Units Units started and completed Units started this period Total units to account for Total EUP 2. Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 70% complete as to materials and conversion costs. Units % Materials EUP-Materials

Answer 1

1		Units	% Materials	EUP-Materials
	Completing beginning inventory	34,400	0%	-
	Started and Completed	51,600	100%	51,600
	Ending inventory	17,800	100%	17,800
	Total EUP	103,800		69,400
2		Units	% Materials	EUP-Materials
	Completing beginning inventory	34,400	60%	20,640
	Started and Completed	51,600	100%	51,600
	Ending inventory	17,800	70%	12,460
	Total EUP	103,800		84,700
3		Units	% Materials	EUP-Materials
	Completing beginning inventory	34,400	40%	13,760
	Started and Completed	51,600	100%	51,600
	Ending inventory	17,800	30%	5,340
	Total EUP	103,800		70,700

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