MediSecure, Inc., uses the FIFO method in its process costing system. It produces clear plastic containers...

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MediSecure, Inc., uses the FIFO method in its process costing system. It produces clear plastic containers for pharmacies in

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Medisecure Inc.
Molding Department
Computation of Equivalent unit (FIFO)
Particulars	Physical units	Material	Conversion
Units to be accounted for:
Beginning WIP Inventory	410
Units started this period	153600
Total unit to be accounted for	154010
Units Accounted for:
Units completed and transferred out
From beginning inventory Material - 31% Conversion - 52%	410	127	213
Started and completed currently	153150	153150	153150
Transferred to finished goods	153560	153277	153363
Units in ending WIP Material - 67% Conversion - 23%	450	302	104
Total units accounted for	154010	153579	153467

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