Consider the following data for 2007:

The beginning inventory was 80 percent complete regarding direct materials and 40 percent complete regarding conversion costs. The ending inventory was 20 percent complete regarding direct materials and 30 percent complete regarding conversion costs.
Prepare a schedule of equivalent units for the work done to date and the work done during 2007 only, using the FIFO method.

Transcribed Image Text:

PHYSICAL UNITS Started in 2007 80,000 Completed in 2007 90,000 Ending inventory, work-in-process 10,000 Beginning inventory, work-in-process 20,000