julliette27
03.11.2020 •
Business
Beginning work in process inventory related to conversion was 75% complete for 25,000 units. 50,000 units were started and completed and ending inventory consisted of 10,000 units that were 10% complete. Calculate the equivalent units of production for the conversion costs using the FIFO method.
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Ответ:
The equivalent units of production for the conversion costs, using the FIFO method is:
57,250 units
Explanation:
a) Data and Calculations: Units Degree Equivalent units
Beginning work in process inventory = 25,000 25% 6,250
Units started and completed 50,000 100% 50,000
Ending work in process inventory 10,000 10% 1,000
Equivalent units of production 57,250
b) The equivalent units of production under FIFO method is equal to the Percentage of work done on beginning inventory in current period + Units started and completed during current period + Percentage of work done on ending inventory in current period.
Ответ:
the answer is ( true )