Equivalent Units; Weighted-Average and FIFO Methods Baker Company has the following information for December 1 to December 31. All direct materials are 100 percent complete; beginning materials cost $12,000.
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Beginning balance | Completed 800 units and transferred to finished |
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December 200 units, |
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9 percent complete for conversion | $14,000 | goods inventory | $140,000 |
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Direct materials | 54,000 |
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Direct labor | 34,000 |
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Factory overhead |
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Property taxes | 6,000 |
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Depreciation | 32,000 |
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Utilities | 18,000 |
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Indirect labor | 4,000 |
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Ending balance December 31, 300 units, 12 percent complete | 22,000 |
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Required Calculate equivalent units using the weighted-average and FIFO methods.
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